Oil prices eased on Wednesday after a surprise build-up in US crude stockpiles stoked concerns about a global supply glut and a spike in global Covid-19 cases fuelled fears of a stalled oil demand recovery.
Brent crude futures were at $42.53 a barrel, down 63 cents, or 1.46%, as of 1349 GMT, while US West Texas Intermediate (WTI) crude futures slipped 75 cents, or 1.8%, to $40.95. Both benchmarks rose in the previous session.
"Lower European equity markets and a surprise crude build are in my view the factors weighing on oil prices today. The market is probably also wanting