U.S. crude held near $94 a barrel on Thursday after a neutral inventory report, with investors looking ahead to economic data to gauge the outlook for demand in the world’s largest oil consumer.
U.S. crude had edged down 13 cents to $93.75 a barrel by 0033 GMT. The October contract has traded in a narrow range between $93 and $94 this week, hovering just above the year’s low hit in January.
October Brent crude has also been unable to break through the $102-$103 range this week. It was at $102.62 a barrel on Thursday, down 10 cents.