Oil edges lower after jump in US gasoline stocks, OPEC+ supply decision in focus
Oil prices edged lower in Asian trading on Thursday, after a surprise jump in U.S. gasoline stocks ahead of the nation's Thanksgiving holiday sparked worry over demand in the top consumer of the motor fuel.
Brent crude futures fell by 4 cents, or 0.1%, to $72.79 per barrel by 0220 GMT, while U.S. West Texas Intermediate crude futures were a cent lower at $68.71 a barrel.
Trading is expected to be light due to U.S. holiday.
U.S. gasoline stocks rose 3.3 million barrels in the week ended on Nov. 22, the U.S. Energy Information Administration (EIA) said on Wednesday, countering expectations for a small draw in fuel stocks ahead of record holiday travel.
Oil analysts had expected U.S. gasoline stocks to decline by 46,000 barrels last week, according to a Reuters poll ahead of the EIA report.
Stock Trading
Futures Trading Made Easy: Future & Options Trading Course
By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock Trading
Technical Analysis Made Easy: Online Certification Course
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
Heikin Ashi Trading Tactics: Master the Art of Trading
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
RSI Made Easy: RSI Trading Course
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
Algo Trading Made Easy
By — Vivek Gadodia, Partner at Dravyaniti Consulting and RBT Algo Systems
Stock Trading
Stock Valuation Made Easy
By — Rounak Gouti, Investment commentary writer, Experience in equity
