An oil pumpjack is seen near a field of wind turbines on October 04, 2023 in Nolan, Texas.
Oil prices fell in early Asian trade on Thursday on weaker-than-expected Chinese manufacturing data, but investors maintained caution ahead of an OPEC+ meeting where production cuts are expected.
Brent crude futures fell 28 cents, or 0.3%, to $82.90 a barrel by 0024 GMT, while U.S. West Texas Intermediate crude futures fell 24 cents, or 0.3%, to $77.68 a barrel.
The U.S. Energy Information Administration on Wednesday reported a surprise build in U.S. crude oil and distillate fuel stocks last week, indicating weak demand.
Members of OPEC+ are due to hold a policy meeting on Thursday.
Organizations:
Brent, U.S, West Texas, Reuters, U.S . Energy, Administration, Organization of Petroleum, OPEC
Locations:
Nolan , Texas, OPEC, Russia