Oil lower ahead of US energy reserves data - Channel News Asia

SINGAPORE: Oil was lower in Asian trade Thursday as investors awaited the release of a widely watched US government energy inventory report, analysts said.

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New York's main contract, light sweet crude for February delivery, dropped 15 cents to $90.71 a barrel and Brent North Sea crude for March delivery was off 15 cents to $98.01.

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Analysts polled by Dow Jones Newswires expect US crude stocks to have decreased by 900,000 barrels last week while gasoline reserves are seen to surge by 2.3 million barrels.

Oil lower ahead of US energy reserves data - Channel News Asia