Oil falls over demand concerns after U.S. inventory build

Tokyo, Dec. 21 (BNA): Oil prices fell on Thursday as concerns over low demand following a surprise U.S. crude inventory build outweighed jitters over global trade disruptions due to tensions in the Middle East.

 

Brent crude futures fell 3 cents to $79.67 a barrel by 0753 GMT while U.S. West Texas Intermediate crude was at $74.16 a barrel, also down 6 cents, Reuters reported.

 

Both benchmarks ended higher on Wednesday for a third straight session.


 

 

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