Equityworld Futures-Keep the oil losses below $53 a barrel after data showed US crude reserves rose for the first time in five weeks, rising an unexpected that exacerbate dependency against inventory. Oil futures for February, little changed in New York after 1.5 percent down on Wednesday.
The supply of crude oil rose by 2.25 million barrels last week, according to a report from the Energy Information Administration. Analysts surveyed by Bloomberg forecast a decline of 2.5 million barrels, while data from the industry also suggests a decline.
OPEC...