Oil Dips On Lower China Refining Activity, Fresh U.S. Crude Output Record

Oil prices eased on Thursday, dragged down by rising output and a decline in China's refining activity, although strong fuel consumption in the United States and a drop in its crude inventories provided some support.

Brent crude futures were at $76.45 per barrel by 0610 GMT, down 29 cents, or 0.4 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $66.57 a barrel, down 7 cents from their last settlement.

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Suhani Verma

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