Brent Oil down below $110 from Small Stockpile Build

U.S. crude oil dipped early on Thursday after rising the previous day when the contract was supported by a surprisingly small build in crude inventories.

U.S. crude futures for April delivery were down 28 cents at $102.31 a barrel by 0000 GMT, after finishing 76 cents higher on Wednesday.  Brent crude finished a cent higher at $109.52 a barrel on Wednesday.

U.S. gasoline inventories fell much more than expected last week as mild weather coaxed more drivers back on the roads, while crude stockpiles rose only slightly, data from the Energy Information Administration (EIA) showed on Wednesday.

CNBC

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