Lower uptake of US oil stocks drives price lower
Gains were capped by the EIA reporting a weekly fall of 1.1-million barrels in stock vs the 3-million barrels forecast by analysts and 5-million barrels reported by the API a day earlier
London — Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on US crude stockpiles and worries about the global economy.
Front-month Brent crude futures, the international benchmark for oil prices, were down 49 US cents or 0.77% at $63.33 per barrel by 8.30am GMT. Brent closed up 2.3% on Wednesday...