EIA data watch for trading on the market

Oil slid to just above $65 a barrel on Wednesday, after data showing an unexpected rise in US crude stocks underscored worries about persistently weak demand from the world's top energy consumer.

The release of more closely watched US Energy Information Administration (EIA) data later in the day could confirm the American Petroluem Institute's (API) bearish figures, and will set the trading tone for the market.

The EIA will unveil its report at 1430 GMT (10.30 a.m. ET).