Oil dips

Oil prices slid on Wednesday, falling under 79 dollars as traders eagerly awaited this week's update on energy stockpiles in key consumer the United States.
New York's main contract, light sweet crude for December delivery, lost 62 cents to 78.93 dollars a barrel.
Brent North Sea crude for December shed 61 cents to 77.31 dollars.
Later Wednesday, the US government's Department of Energy (DoE) will release its weekly snapshot of American crude stockpiles for the week ending October 23.