Oil prices were steady in early Asian trading today, as signs of weak demand growth in China contrasted with the prospect of a decline in US oil inventories.
Brent crude futures fell 11 cents, or 0.1 percent, to $83.62 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 11 cents, or 0.1 percent, to $80.65 a barrel.
Both benchmarks had fallen in the previous three sessions, with Brent crude futures hitting $83.30 on Tuesday, their lowest since June 17.
Concerns about demand and a strong dollar have offset signs of tightening supplies in the United States, the world’s largest oil producer and consumer.