Crude oil prices edged lower Thursday, extending weekly looses despite a weaker U.S. dollar.
The American Petroleum Institute late Wednesday reported that crude supplies jumped by 9.3 million barrels for the week ended Oct. 9, a much larger rise than analysts were expecting.
Energy Information Administration is out with official data later this morning.
U.S. crude oil was down 56 cents at $46.07 a barrel in early dealing.
Crude oil supplies are seen rising and demand dwindling amid an uncertain global economy.
The material has been provided by InstaForex Company – www.instaforex.com