DJ Oil Prices End Lower on Creeping Production
By Alison Sider and Kevin Baxter
Crude prices pared losses but remained within their recent narrow trading band Tuesday as high levels of oil inventories in the U.S. continued to weigh on the market.
U.S. crude futures settled down 4 cents, or 0.07%, at $54.01 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 34 cents, or 0.61%, to $55.59 a barrel on ICE Futures Europe.