U.S. oil prices settled with a loss of a nickel on Wednesday, mostly recovering from the dive they took in the wake of a weekly report that showed an unexpected climb in gasoline inventories and a sizable increase in stockpiles at the futures delivery hub in Oklahoma.July crude CLN5, -0.57% fell 5 cents to settle at $59.92 a barrel on Nymex.
It was trading at $61.13 before the supply data and touched lows under $59 after them. A price recovery in the last half-hour of trading coincided with the Fed statement.
August Brent crude LCOQ5, -0.33% on London’s ICE Futures exchange fell 17 cents, or 0.3%, to $63.87 a barrel, also paring losses.
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