Oil prices ease on surprise rise in U.S. stockpiles, but Middle East tensions support

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Oil prices ease on surprise rise in U.S. stockpiles, but Middle East tensions support
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Oil eased on Wednesday after closely watched data showed a surprise rise in U.S....

FILE PHOTO: A drilling rig on a lease owned by Oasis Petroleum performs logging operations in the Permian Basin near Wink, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo

Brent crude futures were at $70.90 a barrel at 0100 GMT, down 41 cents, or 0.7%, from their last close. Brent closed up 1.4% on Tuesday. U.S. crude stockpiles unexpectedly rose last week, while gasoline and distillate inventories increased, data from industry group the American Petroleum Institute showed on Tuesday.

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