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US oil edges up after 3 percent drop on big stock build

Updated : October 18, 2018 06:32 AM IST

US West Texas Intermediate crude for October delivery was up 17 cents, or 0.2 percent, at $69.92 a barrel by 0031 GMT, after falling 3 percent in the previous session to settle below $70 for the first time in a month.
Front-month London Brent crude for December delivery was up 23 cents, or 0.3 percent, at $80.28, having ended down 1.7 percent.
US crude stocks rose 6.5 million barrels last week, the fourth straight weekly build, almost triple what analysts had forecast, the US Energy Information Administration said on Wednesday.
US oil edges up after 3 percent drop on big stock build
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