After two days of upsurges, the price of crude oil was little changed Thursday morning as the greenback was showing some signs of recovery versus the euro.
Light Sweet Crude Oil (WTI) futures for April 2010 was up $0.03 to $80.90 a barrel.
Crude inventories data from the U.S. released yesterday was also putting pressure on oil.
The Energy Information Administration said Wednesday that U.S. crude inventories rose by a larger-than-expected 4.1 million barrels last week, even as gasoline stocks increased.
Meanwhile, the greenback was recovering some of its previous session's losses versus the euro. Yesterday euro gained versus the greenback on speculation Greece will come out of its debt issues after Greece announced austerity measures to trim its debt.
Traders will look to the durable goods and factory order statistics for January from the U.S. Tomorrow's release of U.S. non-farm payrolls will also be eyed.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.