Oil prices moved slightly in early Asian trading today, as expectations of tight supplies and a larger-than-expected decline in US crude inventories were offset by fears of a slowdown in demand recovery in China.
Brent crude futures fell two cents to 76.63 dollars a barrel, after rising 0.5 % at settlement the previous day.
US West Texas Intermediate crude rose 11 cents, or 0.2 %, to $71.90 a barrel, after closing yesterday, up 2.9 % in post-holiday trading, catching up with gains made by Brent earlier in the week.
Source: National Iraqi News Agency