Mumbai, Sept. 20 -- WTI crude oil futures slipped near one week low of $62.30 per barrel, giving up gains after it neared $65 per barrel mark earlier in the week. The counter had gained after a potential supply disruption from Russia following Ukrainian drone attacks on its energy infrastructure and mounting US pressure on buyers of Russian crude. However, crude eased amid oversupply risks and soft fuel demand in the US, the world's biggest oil consumer. A large draw in the US crude inventories and an interest rate cut by the Federal Reserve (Fed) could limit downside for the commodity.
Energy Information Administration or EIA stated in a latest weekly update that the US crude oil refinery inputs averaged 16.4 million barrels per day durin...