Oil slips for third session before U.S. inventories EIA data
By Florence Tan
Reuters
SINGAPORE (Reuters) - Oil fell for a third straight session on Wednesday as investors took profits while looking ahead to U.S. inventories data due later in the day for pointers on where prices will head next.
Brent crude for May dropped 56 cents, or 0.8%, to $66.96 a barrel by 0414 GMT, while U.S. West Texas Intermediate crude for April was at $63.56 a barrel, down 45 cents, or 0.7%.
Prices gained support last week from the OPEC+ decision to largely maintain production cuts in April. They then initially jumped on Monday, with Brent rising above $70 a barrel, after attacks by Yemeni Houthis on Saudi s oil heartland, before settling back as the alarm subsided.
Oil prices continue to fall ahead of US inventories data aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.
Oil loses ground as traders take profits businesslive.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesslive.co.za Daily Mail and Mail on Sunday newspapers.
Oil slips for third session before U S inventories EIA data leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.