MELBOURNE: Oil NSE 1.01 % prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand.
U.S. West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.1%, to $78.30 a barrel at 0201 GMT, extending an 11 cent loss on Wednesday.
Brent crude futures slipped 5 cents to $82.20 a barrel, after losing 6 cents on Wednesday.
