The oil market eased by about 1 per cent on Thursday on a surprise build in US crude inventories last week and expectations that the Organisation of the Petroleum Exporting Countries and allies (OPEC+) will increase output targets at a meeting this weekend.
Brent crude futures fell by 65 cents or 1.0 per cent to settle at $66.95 a barrel and the US West Texas Intermediate crude futures declined by 49 cents or 0.8 per cent to close at $63.48 per barrel.