Brent, US oil dip after initially paring loss on data
NEW YORK, Sept 26 |
NEW YORK, Sept 26 (Reuters) - Brent and U.S. crude futures dipped on Wednesday, with U.S. oil down more than $2 and dropping back below the 100-day moving average, after initially paring losses on government data showing U.S. crude and refined product stocks fell last week.
Brent crude was down $1.62 at $108.83 a barrel at 10:53 a.m. EDT (1453 GMT). It was down $1.35 ahead of the data.
U.S. crude was down $2.15 at $89.22 a barrel, below the 100-day moving average of $90.26. It was down $1.55 ahead of the data. (Reporting by Robert Gibbons; Editing by Dale Hudson) (email@example.com; +1 646 223 6059; Reuters Messaging: firstname.lastname@example.org)
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