Oil prices were falling, with both Brent crude and WTI down 0.4% at $73.48 and $70.29 a barrel, respectively.
Brent and WTI prices have slipped in thin trading but remain up around 1.5% each on week, after a larger-than-expected drop in U.S. oil inventories.
Friday’s Energy Information Administration report showed crude oil stocks dropped 4.2 million barrels, against estimates of 700,000 barrels. The report fueled optimism in the market and strengthened prices, keeping WTI over the key $70 a barrel mark, XS.com’s Antonio Di Giacomo wrote.
