: Oil futures finish with a slight gain as traders weigh outlook for energy demand
Oil futures finished slightly higher Tuesday after losing more than 2% in the previous session. Details behind China’s impressive first quarter included lackluster March industrial output and a key German investor sentiment survey also weighed on crude, “as optimism for the eurozone’s largest economy remains downbeat in the coming quarters,” said Edward Moya, senior market analyst at OANDA. “Oil isn’t getting any good news here and that means prices could continue to hover around the $80 a barrel level, or even see a tentative dip below if sellers get some help from a strong dollar.” May West Texas Intermediate crude CLK23 edged up by 3 cents to settle at $80.86 a barrel on the New York Mercantile Exchange.
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