Crude-oil futures managed a modest bounce Wednesday, with Nymex Sept. oil futures rising 22 cents, or 0.5%, to finish at $43.30, a day after posting the lowest settlement in more than six years. Oil futures were buoyed by a more upbeat demand outlook from the International Energy Agency, but subsequently saw choppy trade after U.S. government data showed a smaller-than-expected drop in crude-oil inventories.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News