KONTAN.CO.ID - NEW YORK. Oil prices eased on Thursday after U.S. data showed a surprise build in crude stockpiles last week, confirming an industry report. Brent futures fell 25 cents, or 0.6%, to $40.54 a barrel by 11:38 a.m. EDT (1538 GMT). U.S. West Texas Intermediate (WTI) crude fell 22 cents, or 0.6%, to $37.83. The U.S. Energy Information Administration (EIA) said crude inventories rose 2.0 million barrels last week. Analysts in a Reuters poll had forecast a 1.3-million barrel draw, and the American Petroleum Institute on Wednesday reported a 3 million-barrel increase.
Oil ease after surprise U.S. crude stock build confirmed
KONTAN.CO.ID - NEW YORK. Oil prices eased on Thursday after U.S. data showed a surprise build in crude stockpiles last week, confirming an industry report. Brent futures fell 25 cents, or 0.6%, to $40.54 a barrel by 11:38 a.m. EDT (1538 GMT). U.S. West Texas Intermediate (WTI) crude fell 22 cents, or 0.6%, to $37.83. The U.S. Energy Information Administration (EIA) said crude inventories rose 2.0 million barrels last week. Analysts in a Reuters poll had forecast a 1.3-million barrel draw, and the American Petroleum Institute on Wednesday reported a 3 million-barrel increase.