Brent, U.S. crude initially pare gains on mixed data
NEW YORK, Sept 27 |
NEW YORK, Sept 27 (Reuters) - Brent and U.S. crude futures initially pared gains in choppy trading on Thursday after U.S. economic data showed downwardly revised second-quarter GDP growth coupled with weaker consumer spending and business investment, countering bullish sentiment from a fall in initial jobless claims.
Brent was up $1.66 at $111.70 a barrel at 8:40 a.m. EDT (1240 GMT), having reached $111.89.
U.S. crude was up $1.16 at $91.14 a barrel, having reached $91.44. Prices were up $1.31 ahead of the data. (Reporting by Robert Gibbons; Editing by Dale Hudson) (email@example.com; +1 646 223 6059; Reuters Messaging: firstname.lastname@example.org)
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