Oil Weakens, Focus on OPEC+ Response to US–Led Crude Release

A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, on June 9, 2016. Richard Carson/Reuters

MELBOURNE/SINGAPORE—Oil prices edged down on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand.

Brent crude futures slipped 7 cents to $82.18 a barrel at 0726 GMT, after losing 6 cents on Wednesday.