Oil prices edged lower today, after remaining high for nearly three weeks amidst the heightened West Asia tensions and as China showed some signs of economic recovery.

In intra-day trade, Brent crude was trading 0.96 percent lower at 82 dollars and 76 cents per barrel, while U.S. West Texas Intermediate crude was also trading down 0.39 percent at 78 dollars and 88 cents per barrel when reports last came in.