Oil prices little changed as ceasefire holds and US crude stocks fall

MELBOURNE, May ​6 (Reuters) - ⁠Oil was little ​changed at open on Wednesday morning after a ​volatile ‌session on Tuesday with U.S. crude oil ⁠inventories falling for a ⁠third week in ​a row as the shaky Middle East ceasefire held.

U.S West Texas Intermediate was ​up ‌15 cents, or 0.15%, to $102.42 per barrel as of 2251 GMT.

WTI closed down 3.9% after the ​ceasefire held despite reported exchanges of fire, ‌while Brent fell 4% to close at $109.87.

U.S. crude oil inventories ‌fell for the third straight week, while gasoline and distillate stocks also declined, ​market sources said, citing American Petroleum Institute figures on Tuesday.

Crude ‌stocks fell by 8.1 million barrels in the week ended May 1, ⁠the sources ⁠said on condition ‌of anonymity. Gasoline inventories fell by 6.1 million barrels, ​while ​distillate inventories fell by 4.6 ‌million barrels compared to a week earlier, the sources said. (Reporting by Helen Clark; Editing by Chris Reese)