Investing.com - Oil eased Wednesday ahead of official U.S. crude inventory data.
Brent crude was off 49 cents, or 0.88%, at $54.95 at 08:00 ET. U.S. crude shed 48 cents, or 0.90%, to $52.70.
American Petroleum Institute data Tuesday showed a rise of 2.9 million barrels in U.S. crude stocks in the latest week.
Official Energy Information Administration figures later Wednesday are forecast to show a build-up of 2.8 million barrels in crude inventories.
The stockpile data weighed on upbeat sentiment on compliance levels with agreed output cuts.
OPEC and non-OPEC producers have agreed to cut output by some 1.8 million barrels a day in the first half of this year.