Brent, U.S. crude pare gains after EIA says inventories rise

Reuters Middle East

NEW YORK, Dec 12 (Reuters) - Brent and U.S. crude futures

pared gains on Wednesday after the Energy Information

Administration's inventory report showed U.S. crude inventories

rose last week, against a forecast for a drop, and also showed

sharp rises in products stockpiles.

Brent crude was up $1.07 to $109.08 a barrel at

10:42 a.m. EST (1542 GMT), after having reached $110.26. U.S.

crude was up 40 cents at $86.19 a barrel, after reaching


(Reporting by Robert Gibbons; Editing by Nick Zieminski)

By using Yahoo you agree that Yahoo and partners may use Cookies for personalisation and other purposes