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Oil staged a marginal recovery on Wednesday,....>

OIL
OIL: Oil staged a marginal recovery on Wednesday, before selling off
post-settlement, with Citi pointing to bargain hunting after the recent Saudi
production inspired sell off. 
- The latest round of weekly DoE inventory data revealed a much larger than
expected build in headline crude stocks, alongside a build in inventory at the
Cushing hub. Gasoline & distillate stocks both experienced larger drawdowns than
expected, while U.S. production was flat on the week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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