Expectations of diminishing U.S. oil supplies and concerns about high fuel costs lessening demand in America kept prices within a narrow band Wednesday, with crude up only slightly over previous closing levels.
"The concerns about demand destruction are real — in particular in the U.S.," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore. "The market is holding its breath, waiting for the U.S. inventory report."

Full story: chron.com