Oil Pulls Back From Seven-Week High
Oil prices edged down on Thursday, retreating from the previous session's seven-week high, as some investors took profits after U.S. stocks closed lower and in anticipation of slower winter demand as well as the return of Kurdish supplies.
Brent futures were down 24 cents, or 0.35%, at $69.07 a barrel by 1010 GMT. U.S. West Texas Intermediate futures lost 31 cents, or 0.48%, to $64.68. Both benchmarks gained 2.5% on Wednesday to reach their highest since August 1, driven by a surprise drop in U.S. weekly crude inventories and concerns that...
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