Mubasher: Oil prices saw a slide in Thursday's early trade amid negative data on US crude inventory build-up.
By 4:20am GMT, Brent crude futures went down 14 cents or 0.14% to $46.49 per barrel.
WTI crude futures were placed at $45.44 a barrel, down 0.3% or 13 cents.
The US Energy Information Administration announced crude stocks unexpectedly rose for the third week in a row to 5.3 million barrels last week, higher than estimates of 1.5 million barrels.
Commodity analyst Ahmed Karm attributed this decline to a wave of profit-taking following strong gains on Wednesday, expecting oil prices to reach $60 barrel if OPEC and none-OPEC members successfully reached a cut agreement.
