Read more about Oil slips as start of US summer driving season fails to lift fuel demand on Business Standard. Brent crude oil futures were down 34 cents, or 0.5%, at $71.88 a barrel by 0108 GMT, while US oil futures declined by 36 cents, or 0.5%, at $69.60 a barrel
SINGAPORE: Oil prices fell on Thursday as inventory data in the United States, the world’s top oil consumer, showed a surge in gasoline stocks that indicates weaker-than-expected fuel demand at the start of summer, the country’s peak season for motoring. Brent crude oil futures were down 55 cents, or 0.8 percent, at $71.67 a barrel by 0341 GMT, while US oil futures declined by
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