Oil edges lower after jump on US stocks draw
Crude oil prices eased slightly on Thursday but held most of their gains from the previous session after US government data showed a fall in inventories, supporting the view that fuel demand is returning despite the coronavirus pandemic.
Brent crude was down 8 cents at $45.35 a barrel by 0150 GMT, after a gain of around 2% in the previous session. West Texas Intermediate oil was down by 6 cents at $42.61 a barrel after gaining 2.6% on Wednesday.
US crude oil, gasoline and distillate inventories fell last week as refiners ramped up production and demand improved, a government report showed.
