Brent crude prices edged lower in choppy trading on Wednesday, while U.S. oil futures fell on expectations that damage to oil facilities from Hurricane Isaac will be limited and in reaction to data showing a sharp rise in U.S. crude oil stocks.

U.S. October crude settled down 84 cents at $95.49 a barrel. Its $96.37 session peak fell short of the 200-day moving average of $96.72. . Crude inventories increased 3.8 million barrels last week, data from the Energy Department showed. They were forecast to decrease 1.75 million barrels.

Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.Read the Terms of Service