SEOUL, Dec 11 (Reuters) - U.S. crude futures edged back above $61 a barrel in early Asian trade on Thursday, but remained near the lowest for more than 5 years after data showing a spike in U.S. oil stocks and after a**ther pledge by Saudi Arabia **t to cut output. FUNDAMENTALS * U.S. crude gained 20 cents at $61.14 a barrel as of 0004GMT. In the previous session it settled down $2.88, or 4.5 percent, at $60.94, having fallen to a near 5-1/2 year low of $60.43. * Brent previously settled down $2.60, or 3.9 percent, at $64.24 a barrel after hitting $63.56, its lowest since July 2009. ...
12-11-2014, 05:36 AM
NYMEX-U.S. crude edges back above $61 after 5-pct drop on Saudi inaction
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