Oil eased on Wednesday after closely watched data showed a surprise rise in U.S. crude stockpiles, but prices were supported by mounting tensions in the Middle East.
Brent crude futures were at $70.90 a barrel at 0100 GMT, down 41 cents, or 0.7%, from their last close. Brent closed up 1.4% on Tuesday.
U.S. West Texas Intermediate (WTI) crude futures were at $61.39 per barrel, down 24 cents, or 0.3%, from their previous settlement. WTI closed up 1.2% in the previous session.
U.S. crude stockpiles unexpectedly rose last week, while gasoline and distillate inventories increased, data from industry group the American Petroleum Institute showed on Tuesday.
Source : Reuters