The oil market started the day on a dull note for second consecutive day
The oil market started the day on a dull note for second consecutive day on expectations that a key Canada-US crude pipeline would resume when a week-long interruption, although government data showing a drop in US crude stocks limited losses.
Disappointing regional manufacturing data and slower US industrial production growth, coupled with a dive in the Japanese yen, also pressured, extending oil prices' to go down.
Olivier Jakob, consultant with Petromatrix said: "The market driver today is the expectation that Enbridge (pipeline) will come back online sooner rather than later."
A barrel of crude oil for November delivery fell 78 cents to settle at $76.02.
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