Oil price slips after US crude build and record production

Brent crude futures settled at $64.06 a barrel, down 21 cents. U.S. West Texas Intermediate crude settled at $58.11 a barrel, shedding 30 cents. WTI trade volumes lower ahead of the U.S. Thanksgiving holiday, with lots of front-month contracts trading down about 5% compared with the previous session.

NEW YORK: Oil eased on Wednesday after a report showing U.S. crude inventories grew unexpectedly last week, while gasoline stocks surged and production hit another record.

Losses were limited by optimism that a U.S.-China trade deal would be reached soon.