Oil prices slide on U.S. crude build, euro zone data - Reuters

Oil prices slide on U.S. crude build, euro zone data - Reuters:

Oil prices fell on Wednesday after a larger-than-expected build in U.S. crude inventories and weak euro zone economic figures, reversing some of the gains of the previous three sessions.

Brent crude LCOc1 was down 32 cents at $62.64 a barrel by 1439 GMT. West Texas Intermediate crude CLc1 was down 7 cents at $57.16 per barrel.

The slide followed figures from the American Petroleum Institute (API) showing U.S. crude inventories rose by 4.3 million barrels in the week ended Nov. 1 to 440.5 million barrels. Analysts forecast a rise of just 1.5 million barrels.