Oil Updates — prices drift down on sticky inflation, bigger-than-expected US crude stock build 

Oil Updates — prices drift down on sticky inflation, bigger-than-expected US crude stock build 

NEW YORK: Oil prices slipped in Asian trade on Wednesday after a US industry group reported crude stocks rose more than expected last week and as investors reined in expectations for interest rate cuts by the US Federal Reserve, according to Reuters. 

Brent futures fell 11 cents, or 0.13 percent, to $82.66 a barrel at 07:03 a.m. Saudi time. US West Texas Intermediate crude futures fell 3 cents to $77.84 a barrel.  Oil Updates — prices drift down on sticky inflation, bigger-than-expected US crude stock build