Oil Prices Slip As Banking Fears Return

Oil prices dropped early on Wednesday after another banking sector scare and after U.S. consumer confidence fell for the third time in four months.   As of 8:00 a.m. EDT on Wednesday, ahead of the EIA’s weekly inventory report, the U.S. benchmark WTI Crude was trading down by 0.47% at $76.71. The international benchmark, Brent Crude, was barely hanging onto the $80 a barrel level – Brent was down by 0.85% on the day at $80.09. Oil continued the slide from Tuesday when prices fell by 2% to the lowest…