Oil Erases Losses, Above $103, As US Data Helps fall in jobless claims boosted the economic outlook,

Oil reversed an earlier loss to trade above $103 a barrel on Thursday as a higher-than expected rise in US. retail sales and a fall in jobless claims boosted the economic outlook, although subdued global demand limited the rebound.
US retail sales increased 0.6 percent in May after edging up...Oil Erases Losses, Above $103, As US Data Helps fall in jobless claims boosted the economic outlook,