NEW YORK, June 8 (Reuters) - Brent and U.S. crude held on to gains in volatile trading on Wednesday after a government inventory report showed crude stocks fell more than expected last week in the United States but refined products stocks rose.
Both crude contracts initially extended gains, pared them, then stabilized near where prices were ahead of the inventory report. Oil had rallied sharply before the report when OPEC ministers failed to reach a deal on an output target hike at a meeting in Vienna.
ICE Brent July crude
On the New York Mercantile Exchange, July crude