Oil prices edge down on rising US fuel inventories
- Oil prices declined for a second day on Thursday after large builds in fuel inventories in the U.S., the world's biggest oil user, though expectations for increasing winter fuel demand and concerns over tighter supply limited the drop.
Gasoline stocks rose by 6.3 million barrels last week to 237.7 million barrels, the U.S. Energy Information Administration said on Wednesday. Analysts polled by Reuters had expected a 1.5 million-barrel build. "Increased U.S. fuel inventories prompted some selling, but the downside is limited due to the winter demand season in the northern hemisphere," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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