LONDON: Oil edged lower on Thursday, unable to shake off the downbeat mood of the last two days in response to a sharp rise in US stockpiles of products such as gasoline, pointing to weak demand during the summer driving season in the United States.
Brent crude futures were down 10 cents at $63.56 a barrel by 0840 GMT. They fell 1 per cent on Wednesday, and 3 per cent on Tuesday.
US West Texas Intermediate crude futures were down 19 cents at $56.59. The US benchmark dropped 1.5 per cent in the previous session, and 3 per cent on Tuesday.
Mixed signals from the United States and Iran also left market in limbo. U.S President Donald Trump said on Tuesday progress had been made with Iran but Tehran denied it was willing to negotiate over its missile programme.
