Bloomberg News

Oil Pares Loss After U.S. Retail Sales Exceed Forecast

April 16, 2012

Oil pared losses in New York after retail sales in the U.S. rose more than forecast in March, showing consumers are weathering the jump in gasoline prices. Crude futures for May delivery were unchanged at $102.82 a barrel on the New York Mercantile Exchange at 1:35 p.m. London time.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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