KONTAN.CO.ID - SYDNEY. Oil prices inched lower on Thursday after solid gains the day before, pressured by data showing a smaller-than-expected decline in U.S. crude stockpiles. Front-month Brent crude futures, the international benchmark for oil prices, were down 0.4% at $63.60 per barrel by 0112 GMT. Brent closed up 2.3% on Wednesday U.S. West Texas Intermediate (WTI) crude futures were down 0.3% at $57.18 per barrel. WTI closed up 1.9% on Wednesday.
Oil prices edge down, pressured by U.S. supply
KONTAN.CO.ID - SYDNEY. Oil prices inched lower on Thursday after solid gains the day before, pressured by data showing a smaller-than-expected decline in U.S. crude stockpiles. Front-month Brent crude futures, the international benchmark for oil prices, were down 0.4% at $63.60 per barrel by 0112 GMT. Brent closed up 2.3% on Wednesday U.S. West Texas Intermediate (WTI) crude futures were down 0.3% at $57.18 per barrel. WTI closed up 1.9% on Wednesday.