Oil dips as demand worries outweigh Middle East supply risks

OIL prices slipped for the third straight session on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data from China and dimmed prospects of interest rate cuts stoked worries about global demand.

Brent futures for June were down 21 cents, or 0.2%, to $89.81 a barrel at 0915 GMT, while U.S. crude futures for May were down 19 cents, or 0.2%, to $85.17 a barrel.