Oil Edges Lower on Unexpected Build in US Inventories

Oil prices slipped in early Asian trading on Wednesday following a brief rebound in the previous session after industry data showed an unexpected build in US crude oil and gasoline inventories, offsetting global oil supply concerns. Brent crude futures fell 21 cents, or 0.27%, to $76.27 a barrel. US West Texas Intermediate (WTI) crude slipped 25 cents, or 0.34%, to $72.95 per barrel. US crude oil, gasoline, and distillate inventories rose last week, according to market sources citing American Petroleum Institute (API) figures on Tuesday. (QNA) Source: Qatar News Agency