Oil eased on Thursday after crude stocks piled up in top consumer the United States and weighed heavy on amply-supplied markets.
Prices topped $60 this week after a halt in crude shipments at an Alaskan port, but were dragged down nearly $1 on Wednesday by a surprise 5.1 million barrel rise in U.S. crude inventories.
Analysts had expected only a slight, 600,000 barrel build.
U.S. crude edged down 24 cents to $59.00 a barrel at 0908 GMT in thin electronic trade with many dealers out for the U.S. Thanksgiving holiday. London Brent was off 24 cents at $59.25 after settling down 90 cents the previous day.
Analysts had expected only a slight, 600,000 barrel build.
U.S. crude edged down 24 cents to $59.00 a barrel at 0908 GMT in thin electronic trade with many dealers out for the U.S. Thanksgiving holiday. London Brent was off 24 cents at $59.25 after settling down 90 cents the previous day.
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Oil Prices Fell on Ample Supply
