West TX Oil near $100 on high stocks

U.S. crude held below $100 a barrel on Thursday, after slipping more than $1 in the previous session to hit a one-month low as crude inventories in the United States rose to a new all-time high last week.

U.S. crude for June delivery edged down 3 cents to $99.71 a barrel by 0022 GMT after falling 1.5 percent on Wednesday to settle at its lowest since April 2.

Brent crude inched up 2 cents to $108.09 a barrel, following a 0.8 percent drop in the previous session to settle at lowest in more than two weeks.

CNBC

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