U.S. oil futures fluctuate ahead of supply report

U.S. oil futures fluctuate ahead of supply report

On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in April held in a range between $103.20 a barrel and $103.53 a barrel.
WTI oil prices last traded at $103.30 a barrel during European morning hours, down 0.03%, or $0.04 cents. The April contract lost 1.52%, or $1.59 a barrel, on Tuesday to settle at $103.33.
Nymex oil futures were likely to find support at $101.80 a barrel, the low from February 28 and resistance at $105.22 a barrel, the high from March 3.
Wednesday’s government report was expected to show that crude oil stockpiles rose by 1.3 million barrels last week. The data was also expected to show that distillate stockpiles, including heating oil and diesel, decreased by 1.2 million barrels.