Oil dips after US stock build; US-China deal hopes support
SINGAPORE: Oil fell on Wednesday after an industry report showed an unexpected build in US crude inventories, but optimism around the signing of the first phase of a US-China trade deal capped a deeper slide in prices.
International benchmark Brent crude futures dropped 19 cents, or 0.3 per cent, to $64.08 a barrel by 0145 GMT on Wednesday. Brent rose about 1 per cent on Tuesday.
West Texas Intermediate (WTI) crude futures fell 17 cents, or 0.29 per cent, to $58.24 per barrel.
