SINGAPORE (Oct 6): Oil prices eased on Thursday but remained near June highs reached the previous session when they were buoyed by a fall in U.S. crude inventories. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $49.54 per barrel at 0136 GMT, down 29 cents or 0.6 percent from their last settlement. International Brent crude futures were down 30 cents, or 0.6 percent, at $51.56 per barrel. Traders said the price dips early on Thursday were largely a result of profit-taking following strong price rises the day before. "All in all, oil prices seem headed for higher levels in the coming period," Global Risk Management said in its quarterly report published this week.

Source: The Edge Markets October 06, 2016 01:52 UTC