Ammon News - Oil was little changed on Wednesday after a sharp drop in the previous session ended a three-day streak of gains, amid persistent concerns over potential supply losses from the Middle East and North Africa as well as global fuel demand worries.

Brent crude futures were up 8 cents at $79.63 a barrel at 0653 GMT. U.S. West Texas Intermediate crude futures up 7 cents to trade at $75.60.

Prices fell more than 2% on Tuesday, snapping a three-day streak of gains of more than 7%, as concerns about low refinery profit margins weighed on expectations for fuel demand amid data showing global consumption growth has been lower than forecasts.

Reuters