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Oil prices dip as U.S. stockpile rise takes shine off OPEC higher demand view

Reuters  |  TOKYO 

By Aaron SheldrickTOKYO (Reuters) - Oil prices eased on Wednesday, dampened by reports of rising U.S. crude stockpiles, but retaining some of the gains made in in the previous session after OPEC said it expected higher demand for its crude next year.U.S. West Texas Intermediate (WTI) was down 5 cents, or 0.1 percent, at $48.18 a barrel at 0650 GMT after rising earlier in the day. The contract rose 0.3 percent on Tuesday.International benchmark Brent crude was down 11 cents, or 0.2 percent, at $54.16 a barrel, having settled up 0.8 percent in the previous session.The difference between Brent ...

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First Published: Wed, September 13 2017. 12:27 IST