Oil edges down on gloomy outlook and rise in US stockpiles
Brent is down 0.2% and WTI down 0.3%, with oil prices down sharply for the week
18 July 2019 - 11:57
London — Oil edged lower on Wednesday unable to shake off the downbeat mood of the past two days in response to a sharp rise in US stockpiles of products such as petrol, pointing to weak demand during the summer driving season in the US.
Brent crude futures were down 10c at $63.56 a barrel by 8.40am GMT. They fell 1% on Wednesday, and 3% on Tuesday. US West Texas Intermediate (WTI) crude futures were down 19c at $56.59. The US benchmark dropped 1.5% in the previous session, and 3% on Tuesday...
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