LONDON (AFP) - World oil prices eased before the latest weekly snapshot of US crude inventories and after a New Year rally that had been caused by the Russia-Ukraine gas dispute.
New York's main contract, light sweet crude for delivery in February, fell 19 cents to 63.23 dollars per barrel in electronic dealing.
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"The market will be focusing on the next set of US inventory data, which is expected by the market to show a 1.5 million-barrel fall in crude stocks," analysts at the Sucden brokerage firm said on Thursday.
They added that the data was forecast to show gains in stocks of gasoline (petrol) and distillates as refinery utilisation continued to grow and because of milder US weather lowering demand for heating oil.
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