Oil futures continue to slide before data dump from US to Opec

HONG KONG: Oil’s losing its grip on the highest price in more than three years before a raft of inventory and production data from the US government to the Organisation of the Petroleum Exporting Countries (Opec).

Figures from the Energy Information Administration today are forecast to show weekly US stockpiles fell for a ninth week, while Opec’s monthly report the same day will provide a snapshot on compliance to the supply pact with Russia.