Crude oil futures snapped their gaining streak on Thursday on getting mixed economic data, however the losses were capped on fears of supply disruption from Russia and delay in restarting Libya shipments. The initial claims for unemployment benefits in the US climbed more than expected last week. On the other hand there was report of some improved manufacturing activity from the US and China.
Benchmark crude oil futures for July delivery declined by $0.33 or 0.3 percent to close at $103.74 a barrel after trading in a range of $104.22 and $103.55 a barrel on the New York Mercantile Exchange. In London, Brent oil futures for July delivery were down 0.11 percent to $110.43 a barrel on the ICE.
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