Oil slips as US crude stockpiles rise

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KUALA LUMPUR :Oil prices eased on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand, though concerns over supply kept losses in check.Brent crude futures fell 23 cents, or 0.2 per cent, to $96.08 a barrel at 0323 GMT. U.S. We

KUALA LUMPUR :Oil prices eased on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand, though concerns over supply kept losses in check.U.S. West Texas Intermediate crude futures declined 28 cents, or 0.3 per cent, to $90.22 a barrel.

"Much attention is falling on Iran nuclear deal talks and that could be a wildcard in providing much needed supplies." Ukraine halted oil flows on the Druzhba oil pipeline to parts of central Europe because Western sanctions had prevented a payment from Moscow for transit fees from going through.

 

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