New york: Oil prices slipped slightly at settlement on Wednesday, posting modest losses in New York trading.

According to Qatar News Agency, Brent crude futures fell by 14 cents, or 0.22%, to settle at USD 62.24 a barrel. US West Texas Intermediate crude eased by three cents, or 0.05%, to USD 58.35 a barrel.

The marginal declines reflected cautious trading, with markets weighing supply prospects and broader economic signals.