Oil prices have come under pressure as data from industry group the American Petroleum Institute showed on Tuesday that US crude inventories rose by 3.3 million barrels in the week Sept 12 to 362.4 million - AFP Photo.
SEOUL: US crude futures edged lower in early Asian trade on Wednesday as US crude and distillate inventories rose more than expected, easing after steep gains in the previous session on talk of an OPEC production cut and news of lower output in Libya.
Front-month US October crude shed 21 cents a barrel at US$94.67 as of 0001 GMT after it settled US$1.96 higher at US$94.88 in the previous session. The October contract expires on Sept 22.
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