Oil prices dip after U.S. crude stocks rise - Reuters

Oil prices dip after U.S. crude stocks rise - Reuters:

Oil prices inched down on Wednesday after an unexpected rise in U.S. crude inventories, but the fall was limited by an intensifying crisis in Venezuela along with tightened U.S. sanctions on Iran.

Brent crude oil futures were down at $71.82 per barrel at 1300 GMT, down 24 cents from their last close and erasing gains from earlier in the session.

U.S. crude futures were down 50 cents at $63.41 per barrel.

Trading was thin as May 1 is a holiday in many markets.