Oil skids as start of US summer driving season fails to lift fuel demand


By Jessica Jaganathan SINGAPORE (Reuters) -Oil prices fell on Thursday as inventory data in the United States, the world's top oil consumer, showed a surge in gasoline stocks that indicates weaker-than-expected fuel demand at the start of summer, the country's peak season for motoring. Brent crude oil futures were down 55 cents, or 0.8%, at $71.67 a barrel by 0341 GMT, while U.S.

oil futures declined by 53 cents, or 0.8%, at $69.43 a barrel. "Markets had been optimistic on demand as the U.S. enters the peak summer.....

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