Oil prices fall on US stock build and likely fall in demand
Fears of a US oil glut as it fails to contain the Covid-19 pandemic, denting demand recovery, saw both Brent and WTI fall
22 July 2020 - 11:34
London — Oil prices fell on Wednesday as industry data showed a bigger than expected inventory build in the US, where a surge in coronavirus cases could further dent fuel demand in the world’s biggest oil consumer.
Brent crude fell 39c, or 0.9%, to $43.93 a barrel by 8.37am GMT. US West Texas Intermediate (WTI) crude dropped 48c, or 1.1%, to $41.44...
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