Oil futures attempted to gain ground Wednesday, with crude trying to find some support after data from an industry trade group showed a fall in fuel inventories. The moves for crude comes as Wall Street looks to extend a bounce, underlining appetite for assets viewed as risky, including commodities like oil.
West Texas Intermediate crude for November delivery CL.1, 0.28% CLX20, 0.28% had been trading higher, but was now off 10 cents, or 0.2%, at $39.72 a barrel on the New York Mercantile Exchange. The global benchmark, November Brent crude BRN.1, 0.43% was up 3 cents, or 0.1%, at $41.75 a barrel on ICE Futures Europe.
