Oil edges lower as U.S. stockpiles grow more than expected
Share:
TOKYO (Reuters) - Oil futures edged lower on Wednesday, extending losses from the previous day, after U.S. crude stockpiles grew more than expected, adding to worries about oversupply, although a fall in gasoline stocks kept the decline in check.Brent crude was down 2 cents at $42.61 a barrel by 0045 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 4 cents, or 0.1%, to $40.33 a barrel.U.S. crude inventories rose by a much bigger than expected 1.7 million barrels last week,..