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Oil steady below $70 on mixed economic data

Oil stabilized below 70 U.S. dollars a barrel as mixed economic data failed to provide momentum in either direction.

Light, sweet crude for October delivery ended 9 cents lower at 67.96 dollars a barrel on the New York Mercantile Exchange.

The contract earlier rose to an intra-day high of 69.40 dollarsa barrel on U.S. stock gains and a weaker dollar. Wall Street was driven up by upbeat retail sails after a four-day losing streak for the Standard & Poor's 500 Index. However, disappointing news from the labor market dragged oil prices out of positive area.

In London, Brent Crude for October delivery fell 54 cents to settle at 67.12 dollars a barrel on the ICE Futures exchange.
 

 
 
 Source : Xinhua  Editor: Ivy
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