Brent crude ended the session down 46 cents, or 1%, at US$47.42 a barrel, while U.S. West Texas Intermediate settled down 79 cents, or 1.7%, at $44.55. Prices extended losses in post-settlement trade after industry data from the American Petroleum Institute showed U.S. crude inventories rose by 4.1 million barrels last week, compared with analysts' expectations in a Reuters poll for a draw of 2.4 million barrels. (File pic shows oil storage tanks at Philips Linden New Jersey)
NEW YORK: Oil prices extended losses to a second day on Tuesday after OPEC and its allies left markets in limbo by postponing a formal meeting to decide whether to lift output come January.
Brent crude ended the session down 46 cents, or 1%, at US$47.42 a barrel, while U.S. West Texas Intermediate settled down 79 cents, or 1.7%, at $44.55.
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