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(Corrects to show oil prices fell, not extended declines, in paragraph 1 and headline)By Jeslyn LerhSINGAPORE : Oil prices on Thursday fell after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated added
U.S. crude stockpiles build for fifth straight week Elevated interest rates also weigh on prices Market eyes potential OPEC+ output cut extension By Yuka Obayashi and Jeslyn Lerh SINGAPORE, Feb 29 (Reuters) - Oil prices on Thursday extended declines from the previous session after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow…
SINGAPORE: Oil prices fell on Thursday after a larger-than-expected build in US crude stockpiles stoked worries...
Oil prices fell on Thursday after a larger-than-expected build in US crude stockpiles stoked worries about slow demand, while signs that US interest rates could remain elevated added to pressure. Brent crude futures for April fell 43 cents, or 0.5%, to $83.25 a barrel by 0830 GMT, after rising 3 cents in the previous session. The April contract expires on Thursday and the more active May contract was down 33 cents at $81.82. US West Texas Intermediate crude futures were down 26 cents, or 0.3%, to $78.28 a barrel.