Oil prices slip as growing stockpiles signal bumpy fuel demand recovery

Topics Oil Prices | Crude Oil


By Sonali Paul MELBOURNE (Reuters) - Oil futures fell in early trade on Thursday, paring overnight gains, on worries about fuel demand after data showed U.S. crude stockpiles rose last week, rather than dropping as expected, and COVID-19 cases continued to rise around the world. U.S. West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.5%, to $37.

85 a barrel at 0056 GMT, after climbing 3.5% on Wednesday. Brent crude futures dropped 14 cents, or 0.3% to $40.65 a barrel, after rising 2.5% on Wednesday. As coronavirus.

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