SINGAPORE (Reuters): Oil settled marginally lower on Wednesday, and prices were on course for their steepest annual decline since 2020 as investors weighed US economic growth and assessed the risk of supply disruptions from Venezuela and Russia.
Brent crude futures closed down 14 cents, or 0.2%, at US$62.24 a barrel, while U.S. West Texas Intermediate crude eased 3 cents, or 0.05%, to $58.29.
