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, though declines were capped by worries a potential expansion of the Gaza war may disrupt Middle East supplies.
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.
Both benchmarks had settled slightly higher on Wednesday.
Reuters
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, though declines were capped by worries a potential expansion of the Gaza war may disrupt Middle East supplies.
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.
Both benchmarks had settled slightly higher on Wednesday.
Reuters
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, though declines were capped by worries a potential expansion of the Gaza war may disrupt Middle East supplies.
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.
Both benchmarks had settled slightly higher on Wednesday.
Reuters
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Oil eases as stock build raises spectre of slower US demand
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Oil eases as stock build raises spectre of slower US demand
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, though declines were capped by worries a potential expansion of the Gaza war may disrupt Middle East supplies.
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.
Both benchmarks had settled slightly higher on Wednesday.
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