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Oil edges lower after U.S. crude snaps 3-day winning streak

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Oil futures edged lower early Thursday, after snapping a string of winning sessions following data that showed a rise in U.S. crude inventories.

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WTI snapped a three-day winning streak and Brent broke a four-day string of wins on Wednesday, after the Energy Information Administration said U.S. commercial crude inventories rose by 3 million barrels for the week ending May 5. On average, analysts had forecast a decline of 1.8 million barrels, according to a survey by S&P Global Commodity…

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