Oil hovered near $61 a barrel for a second day after capping its longest streak of gains in almost two months as traders weighed bearish signs of swelling US fuel inventories against a surprise decline in domestic crude stockpiles.
Futures in New York were little changed, after dipping less than 0.1 per cent on Wednesday. Official US inventory data showed gasoline, diesel and heating oil stockpiles swelled, reigniting demand concerns.
