Oil futures were edging lower on Thursday as investors wrestled with the outlook for crude demand amid further signs of slack in the global economy. A day ago, crude marked the highest finish in a month after a key weekly inventory report showed a decline in U.S. crude supplies.
December WTI crude edged 12 cents, or 0.2%, lower at $55.84 a barrel on the New York Mercantile Exchange, after jumping 2.7% on Wednesday.
Global benchmark Brent crude for December, meanwhile, slipped 6 cents, or 0.1%, to $61.11 a barrel on the ICE Futures Europe exchange, after closing at the highest for the front-month contract finish since Sept. 27.
Source: Marketwatch