Oil Down After Gains as Investors Await Key Reports

Core Insights - Oil prices are experiencing a slight decline as investors await important industry reports that will provide further insights into the supply-and-demand outlook [1][2] Group 1: Oil Market Overview - Brent crude oil prices decreased by 0.6% to $64.78 per barrel, while WTI crude oil prices fell by 0.7% to $60.64 per barrel [1] - The previous trading session saw benchmarks settle more than 1.5% higher, influenced by concerns regarding the impact of U.S. sanctions on Russian oil flows and increases in distillate futures [2]