Oil Prices Edge Down on Rising U.S. Fuel Inventories

OIL PRICE - SINGAPORE. Oil prices declined for a second day on Thursday after large builds in fuel inventories in the U.S., the world's biggest oil user, though expectations for increasing winter fuel demand and concerns over tighter supply limited the drop.

Brent crude futures fell 8 cents to $76.08 a barrel by 0409 GMT. U.S. West Texas Intermediate crude futures dropped 11 cents to $73.21. Both prices were down around 0.1% from the previous session.