Oil falls for second day on low demand worry as US stockpiles rise
API data shows a surprise build in US crude inventories, as Donald Trump’s comments on China at the UN undermine trade talks
London — Oil prices fell for a second day on worries that fuel demand could fall after US President Donald Trump doused recent optimism over China-US trade talks, at a time of rising US crude oil stockpiles.
Brent crude futures were down $1.03c to $62.07 a barrel by 8.11am GMT on Wednesday, erasing all gains made after an attack on Saudi oil facilities sent the benchmark up about 20% last week. Nevertheless, the benchmark remains on track for its first monthly gain since June...