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Oil price drift lower before US inventories update
Parvez Jabri
21 Jan, 2016
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Copyright AFP (Agence France-Presse), 2016
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![](https://i.brecorder.com/images/2016/01/oil0.jpg">LONDON: World oil prices nudged lower Thursday before a key US snapshot of crude stockpiles, one day after striking 12 year lows on abundant global supplies.</P><P>In midday deals in London, Brent North Sea crude for delivery in March slid 21 cents to $27.67 per barrel compared with the close on Wednesday.</P><P>US benchmark West Texas Intermediate (WTI) for March dipped 34 cents to $28.01 a barrel.</P><P>Expectations that the US Energy Information Administration (EIA) will later report another increase in the country's commercial crude stockpiles weighed down on sentiment, analysts said. </P><P>)
