WTI and Brent futures finished the day lower. West Texas Intermediate (WTI) crude oil futures traded above the $57-mark for the second consecutive day Thursday but, again, fell short of ending the session there. The April WTI contract price settled at $56.96 per barrel, reflecting a 20-cent decline for the day. The benchmark fluctuated within a range from $56.64 to $57.61. Brent crude oil for April delivery posted a more modest one-cent decline Thursday, settling at $67.07 per barrel. Crude oil declined despite reports that U.S. oil stocks rose less than expected last week. According to Bloomberg , a 1.26 million-barrel week-on-week increase in inventories attributed to the American Petroleum Institute was less than half the figure a Bloomberg survey had projected. The U.S. Energy Information Administration (EIA) reported Thursday that domestic crude oil production should continue to set records. In its latest “This Week in Petroleum” report, EIA […]