Oil eases as stock build raises spectre of slower US demand

Singapore, June 27 (BNA):  Oil prices dipped on Thursday as a surprise build in U.S. stockpiles fuelled fears about slow demand from the world’s top oil consumer.


Brent crude oil futures were down 6 cents, or 0.1%, at $85.19 a barrel, as of 0635 GMT. U.S. West Texas Intermediate crude futures dropped 10 cents, or 0.1%, to $80.80 per barrel, Reuters reported.

 

The U.S. Energy Information Administration (EIA) reported a 3.6 million barrel jump in the country’s crude oil stocks last week, surprising analysts polled by Reuters who had expected a 2.9 million-barrel drawdown.



M.I. 







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