U.S. crude futures turn lower, Brent pares gain
NEW YORK Aug 23 (Reuters) - U.S. crude futures turned lower and Brent pared gains on Thursday, with traders citing technical signals of an overdone move to the upside for the U.S. crude contract after it reached its highest since early May.
U.S. October crude was down 47 cents at $96.79 a barrel by 1:09 p.m. EDT (1709 GMT), having slipped to $96.72, just under the 200-day moving average. It earlier reached $98.29.
- Carnage at U.N. school as Israel pounds Gaza refugee camp |
- EU and U.S. announce new sanctions on Russia over Ukraine |
- U.S. Senate bill proposes sweeping curbs on NSA surveillance
- Obama says strains over Ukraine not leading to new Cold War with Russia
- Putin may have passed point of no-return over Ukraine