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Oil slips for third session before U S inventories EIA data - Netscape Money & Business

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 slips for third session before US inventories EIA data

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