SINGAPORE: Oil slipped on Wednesday after an industry report showed a surprise build-up in US crude inventories, but optimism surrounding the signing of the first phase of a US-China trade deal prevented a bigger slide in prices.
Brent crude futures dropped 9 cents, or 0.14 per cent, to $64.18 a barrel by 0725 GMT, while West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.21 per cent, to $58.29 per barrel.
Wednesday’s decline reversed two days of gains, with WTI climbing 1.1 per cent
