SYDNEY: Oil prices edged down on Thursday despite a surprise decline in US inventories, with international benchmark Brent retreating from a five-month high touched in the previous session.
Brent crude futures were at $71.51 a barrel at 0056 GMT, down 11 cents, or 0.2 per cent, from their last close. Brent fell 0.1 per cent on Wednesday, after earlier touching its highest since Nov. 8 at $72.27 a barrel.