Oil prices extend fall after surprise inventory build
TOKYO: Oil prices fell for a fourth day on Wednesday, extending losses after a surge in US inventories surprised investors, overshadowing an interest rate cut by the Federal Reserve.
Brent crude futures were down 6 cents at $60.55 a barrel by 0033 GMT, having fallen by 1.6 per cent on Wednesday.
US West Texas Intermediate (WTI) crude futures were down by 16 cents, 0.3 per cent, at $54.90 a barrel, after declining 0.9 per cent.
