Oil dips on rising US stockpiles, cautious supply expectations

OIL prices fell in Asian trade on Wednesday as industry data showed a pile-up in crude and fuel inventories in the U.S., a sign of weak demand, and cautious supply expectations emerged ahead of an OPEC+ policy meeting next month.

Brent crude oil futures fell 57 cents, or 0.69%, to $82.59 a barrel by 0645 GMT. U.S. West Texas Intermediate crude futures fell 53 cents, or 0.68%, to $77.85 a barrel.