(Corrects to show that only WTI had a six-day losing streak,
not Brent crude, in headline and paragraph 1)
By Laura Sanicola
Feb 23 (Reuters) - Oil prices rose slightly in thin
Asian trade on Thursday, with WTI pausing from a six-day losing
streak fed by mounting concerns that more aggressive interest
rate increases by central banks could pressure economic growth
and fuel demand.
Brent crude futures rose 2 cents to $80.62 per
barrel by 0110 GMT. West Texas Intermediate crude futures (WTI) rose 9 cents, or 0.1%, to $74.04 a barrel.
Minutes from the latest U.S. Federal Reserve meeting showed
that a majority of Fed officials agreed the risks of high
inflation remained a key factor shaping monetary policy and
warranted continued rate hikes until it was controlled.
Oil has also been pressured by signs of further crude
inventory builds.
U.S. crude oil and fuel inventories rose by 9.9 million
barrels last week, according to market sources citing American
Petroleum Institute figures on Wednesday.
U.S. oil inventories have climbed every week since
mid-December, stoking investor worries about demand. A Reuters poll had forecast a 2.1 million barrel increase in
crude stockpiles last week. Official data from the U.S. Energy
Information Administration is due on Thursday at 1600 GMT.
(Reporting by Laura Sanicola in Washington; Editing by Edmund
Klamann)
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