Oil prices dip in U.S. trading as stockpiles swell

Mar 11

LONDON, Feb 9 (Reuters) - Oil prices dipped in U.S. trading hours on Thursday after the country's oil inventories hit their highest in months and on signs that the Federal Reserve could keep raising interest rates.

Brent crude futures slipped 69 cents to $84.40 a barrel by 1322 GMT, while U.S. West Texas Intermediate (WTI) crude futures inched down 76 cents to $77.71 a barrel. Both benchmarks have gained more than 5% so far this week.