Brent crude was up 5 cents at $46.25 a barrel, while US WTI traded down two cents at $44.73 a barrel
Brent crude was trading up at 13 cents, while US WTI rose seven cents to $44.72 a barrel
US shale oil production is expected to fall in August for a tenth straight month, by 99,000 barrels per day to 4.55 million bpd
Over the past month, oil has fluctuated between $44 and $52 per barrel
Surging output from crude producers reignited concern that the oversupply might not ease as quickly as expected
Oil prices fell more than four per cent on Wednesday after the US government stunned the market with a raft of bearish inventory oil data that added to renewed concerns over a global glut of oil.US crude oil stockpiles fell less than expected last week, while distillate inventories rose the most since January and gasoline posted a surprise build, the Energy Information Administration (EIA) said.The US inventory report reported added pressure to the already bearish market after the Paris-based International Energy Agency warned that a global supply glut was threatening market recovery."A surprising build in gasoline in the peak of US driving season and a very large build in heating oil will set the tone for lower prices as we go forward," said Tariq Zahir, a trader in crude oil spreads at Tyche Capital Advisors in New York."The products markets will continue to put weakness in the energy complex."Brent crude was down $2.20, or 4.6 per cent, at $46.27 a barrel by 11:31 am EDT (1531 GMT).
Brent futures fell 37 cents to $48.10 a barrel, US Crude dropped 28 cents to $46.52 a barrel
American Petroleum Institute reported larger-than-expected gains in inventories of gasoline and distillates
Oil price gains have, however, been limited with financial players betting on price falls, or shorting the crude market
Hedge funds and other money managers cut their bullish bets on crude oil by 22 million barrels over the seven days ending on July 5
Traders said the lower prices were a result of Asian refiners beginning to cut crude orders and the region's economic slowdown
Meanwhile, worries about global economic uncertainty after Britain's exit from the European Union continued to weigh on the market
Brent was trading at $46.95, while US WTI crude traded up 0.95% at $45.57 a barrel
The uncertainty unleashed by Brexit battered the oil market this week, with Brent diving 4.3% and WTI shedding 4.9% yesterday
Analysts said that concerns over the global economy were weighing on the outlook for oil demand and on prices
Prices went up after Nigerian militants claimed five attacks on the country's oil and gas infrastructure
Brent crude was trading at $50.04 a barrel, while US WTI was up 28 cents at $48.61 a barrel
Supply outlook has improved after looming strike action in Norway - one of the biggest producers of North Sea crude - was called off
Crude oil rose more on Wednesday as traders moved money back into markets hit by the initial shock of Britain's vote to leave the European Union, while a potential oil workers strike in Norway and a crisis in Venezuela's oil sector also provided support.Brent crude futures were 31 cents higher at $48.89 per barrel at 1219 GMT. US crude was up 40 cents to $48.25 a barrel.
Financial markets are still reeling from Brexit's fallout as investors sell riskier assets and flock to safe bets amid global economic uncertainty