Oil prices slip on surprise gain in US inventory, demand squeeze worries

By Jessica Jaganathan SINGAPORE (Reuters) - Oil prices dropped on Wednesday on a surprise gain in crude oil inventories in the United States and as investors continued to worry about demand for fuel being squeezed amid tighter lockdowns in Europe to counter the coronavirus pandemic. Brent crude futures fell 11 cents, or 0.2%, to $50.65 a barrel at 0421 GMT, while U.

S. West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.2%, to $47.53 a barrel. "Crude prices are slightly softer after the API (American Petroleum Institute).....

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