Oil edges lower on China demand pressures; market awaits US inflation data

MELBOURNE: Oil extended losses on Thursday for a fourth consecutive session, as renewed COVID curbs in China, the world's biggest crude importer, weighed on the market and traders await U.S. inflation data for clues on further interest rate increases.

Brent crude futures fell 41 cents, or 0.4%, to $92.24 a barrel at 0733 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 48 cents, or 0.6%, at $85.35 a barrel.