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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Oil Prices Ease Ahead of US Inventory Data

Oil Inflation
An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. REUTERS/Christian Hartmann

Oil prices edged down on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in US crude inventories as product demand weakens.

Brent crude prices for September fell 37 cents, or 0.3%, to $106.98 a barrel by 0340 GMT, while US West Texas Intermediate (WTI) crude for August slipped 69 cents, or 0.7%, to $103.53 per barrel. The WTI contract will expire later on Wednesday.

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