Oil wavers near $80/brl after EIA inventory gain

Oil wavers near $80/brl after EIA inventory gain – Crude-oil futures briefly pared gains Wednesday, edging below $80 a barrel, after weekly inventory data from the Energy Information Administration showed a bigger increase in crude-oil inventories than some analysts were expecting. Oil stockpiles rose 4.1 million barrels, topping the 1.1 million barrels expected by analysts surveyed by Platts…Oil for April delivery recently traded at $80.10, up 41 cents or 0.5%.- MW