NEW YORK, Sept 9 (Reuters) - U.S. crude oil futures prices
fell back on Thursday after seesaw trading as investors
shrugged off a government oil inventory report that showed
crude stocks unexpectedly fell last week.
Crude oil prices rallied on the inventory drop but lost
steam just below $76 a barrel. Traders also noted total U.S.
crude oil and products stocks remained at high levels, despite
the drop in crude oil stocks.
Ahead of the EIA report, oil futures and Wall Street had
been lifted by reports showing initial jobless claims in the
United States fell more than expected and that the U.S. trade
deficit narrowed.
But U.S. equities markets also pared gains in afternoon
trading in New York and the dollar reversed and bounced up
versus the euro and the dollar index was stronger.
On the New York Mercantile Exchange, October crude <CLV0>
fell 42 cents, or 0.56 percent, to settle at $74.25 a barrel,
trading from $73.88 to $75.96.
(Reporting by Robert Gibbons)