Crude oil futures were flat Wednesday, as US inventories rose roughly in line with estimates last week.
Adding to record highs, inventories rose 2.3 million barrels last week, compared to economists’ estimates of an increase of 2.83 million barrels, according to EIA data.
May WTI oil settles at $38.32/bbl, up 4 cents, or 0.1 percent, pausing from recent losses.
In a key prelude to Friday’s official jobs report, ADP said private sector employment increased by 200,000 jobs in March after jumping by a downwardly revised 205,000 jobs in February.
Economists had expected employment to climb by about 195,000 jobs.
The material has been provided by InstaForex Company – www.instaforex.com