By Reuters | SINGAPORE/MELBOURNE |
Topics Oil Prices | Crude Oil Price
By Shu Zhang and Sonali Paul
SINGAPORE/MELBOURNE (Reuters) - Oil prices slid on Thursday after data showed U.S. crude stockpiles unexpectedly rose last week, stoking concern about a sluggish recovery in fuel demand as coronavirus cases continue to surge in many countries.
U.S. West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.63%, to $37.
81 a barrel at 0417 GMT, after climbing 3.5% on Wednesday. Brent crude futures dropped 17 cents, or 0.42% to $40.62 a barrel, after rising 2.5% on Wednesday. The oil market is.
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