Crude down ahead of open on mixed estimates of US inventories

Singapore Post SAM machines; taken at SingPost Centre in March 2018.

Crude oil prices slipped ahead of the Asian open on Wednesday after mixed industry estimates on U.S. weekly inventories.

ICE Brent was quoted down 0.40 percent to US$84.64 a barrel, while NYMEX West Texas Intermediate eased 0.07 percent to US$75.18 a barrel. Brent settled down 0.21 percent to US$84.80 a barrel, while WTI slid 0.09 percent to US$75.23 a barrel on Tuesday.

U.S. crude stocks rose 907,000 barrels last week, compared to an expected gain of 2 million barrels. Stocks at the oil storage hub at Cushing, Oklahoma, rose 2 million barrels, the American Petroleum Institute said on Tuesday.

Gasoline stocks fell 1.7 million barrels, compared with an expected 1.3 million-barrel gain and distillates fell 1.2 million barrels, compared with an expected 1.3 million-barrel drop.

The U.S. Energy Information Administration will release official weekly data at 10:30 U.S. EDT on Wednesday.