Crude oil futures dipped on Wednesday as investors took profits after prices rallied to two-week highs in the previous session on mounting geopolitical tension in the Middle East as Turkey downed a Russian warplane.
Brent had dropped 4 cents to $46.08 a barrel by 0224 GMT. It settled up $1.29, or 2.9 percent, at $46.12 a barrel on Tuesday, after hitting a two-week high at $46.50.
U.S. crude's West Texas Intermediate (WTI) futures shed 11 cents to $42.76 a barrel. They finished the previous session up 2.7 percent at $42.87, having touched their highest since Nov.11 at $43.46.
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