LONDON (Reuters) -Oil prices slipped on Wednesday after industry data showed that U.S. crude stockpiles rose more than expected and on concerns that a rebound in COVID-19 cases in top importer China would hurt fuel demand.
Brent crude futures fell 74 cents, or 0.7%, to $94.62 a barrel by 1201 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 76 cents, or 0.8%, to $88.15 a barrel. The benchmarks fell around 3% on Tuesday.
U.S. crude oil inventories rose by about 5.6 million barrels for the week ended Nov. 4, according to market sources citing American Petroleum Institute figures, while seven analysts polled by Reuters estimated on average that crude inventories would rise by about 1.4 million barrels.
