Oil set multi-month lows on Thursday as investors and traders sought clues about the market’s next bottom after a large drop in U.S. crude inventories failed to boost prices.
A bigger-than-expected build in U.S. gasoline stockpiles last week proved more important to investors than crude storage numbers that came in three times below forecast on Wednesday.
Brent LCOc1, the global oil benchmark, settled down 7 cents at $49.52 a barrel, after setting a six-month low at $48.88.
U.S. crude CLc1 finished 49 cents lower at $44.66 after touching a 4-1/2 month bottom at $44.20.
http://www.reuters.com/article/2015/08/06/us-markets-oil-idUSKCN0QB07720150806
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