(MarketWatch) — Oil futures ended higher Tuesday, with a slip in China’s monthly services activity and the International Monetary Fund’s reduction to the world economic growth outlook keeping a cap on any gains. Traders also looked ahead to this week’s updates on U.S. petroleum supplies. A recent uptick in violence in the Middle East renewed concerns over oil supplies from the region, while a cool down in parts of the U.S. reminded traders that the coming winter weather will soon draw down heating-fuel supplies. Crude for November delivery CLX3 -0.04% rose 46 cents, or 0.5%, to settle at $103.49 a barrel on the New York Mercantile Exchange after briefly hitting a high above $104.
Posted on: Wed, 09 Oct 2013 04:20:10 +0000
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