Slow start to US driving season dents oil prices
Petrol stocks have surged on weaker-than-expected demand
10 June 2021 - 08:32
Singapore — Oil prices fell on Thursday as inventory data in the US, the world’s top oil consumer, showed a surge in petrol stocks that indicates weaker-than-expected fuel demand at the start of summer, the country’s peak driving season.
Brent crude oil futures were down 55 US cents, or 0.8%, at $71.67 a barrel by 3.41 GMT, while US oil futures declined by 53c, or 0.8%, at $69.43 a barrel...
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