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Oil Falls Further On US Stock Build, Easing Supply Concerns

Published by: dailynews
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Oil prices fell for a third day on Thursday, dragged down by a larger-than-expected crude and gasoline stockbuild in the U.S. and easing supply concerns.

Brent futures declined by 30 cents, or 0.35%, to $85.52 a barrel at 0405 GMT, while U.S. West Texas Intermediate crude slipped 42 cents, or 0.50%, to $83.07 a barrel.

Both benchmarks have given back most early-week gains after falling more than 2% in the previous session.

Read the full story onĀ Reuters here.