Investing.com - Oil was lower but off lows Wednesday as concerns over a supply overhang made themselves felt.
U.S. crude was down 18 cents, or 0.42%, at $42.59 at 07:15 ET after a low of $42.09, while Brent crude dropped 0.09% to $44.94.
Investors are sceptical about OPEC members’ ability to agree curbs on output.
OPEC is to hold an informal meeting in Algeria next month.
American Petroleum Institute figures Tuesday showed a build-up of 2.1 million barrels in U.S. crude stocks.
Official Energy Information Administration data due Wednesday are forecast to show a fall in crude stocks of 1 million barrels.
The U.S. dollar index was lower, lending support for the oil market.