Oil prices edge down as US fuel stockpiles grow more than expected
Updated : January 17, 2019 08:53 AM IST
US West Texas Intermediate (WTI) crude futures were at $52.20 per barrel at 0022 GMT, down 11 cents, or 0.2 percent, from their last settlement. WTI futures closed up 0.4 percent on Wednesday.
"While (US) inventories fell slightly more than expected, there was a large build in gasoline inventories. This stoked fears of weak demand in the US," ANZ Bank said in a research note.
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