Oil Declines in Listless Trade With Supply Outlook in Focus

An oil pumping jack in an oil field in Kansas, U.S. Photographer: Angus Mordant/Bloomberg Oil extended a run of lackluster trading as investors assessed mixed US inventory data and a persistent outlook for oversupply. West Texas Intermediate fell 1.6% to settle below $60, a key level that can trigger accelerated buying when breached, with prices undulating in a band of about $2 since early last week. Most Read from Bloomberg The commodity was already under pressure when a US government report on Wednes ...