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Oil futures fluctuate

Oil futures traded in and out of positive territory on Wednesday after U.S. government data showed a sharp decline in crude inventory.
     
However, a broader risk-off move in financial markets on mounting tensions between the U.S. and North Korea, as well as concerns that global supplies are not falling as much as hoped, kept prices from moving much higher.
    
On the New York Mercantile Exchange, light, sweet crude futures for delivery in September was generally unchanged at $49.15 a barrel.
     
October Brent crude edged up 10 cents, or 0.2 per cent, to $52.23.


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