Oil Falls After U.S. Crude Supply Gains, Refinery Demand Slips

Updated on
  • Crude inventories rose 1.06 million barrels last week: EIA
  • Refiners’ demand for crude fell 255,000 barrels a day

The Outlook for Demand and Production of Oil

Oil declined after a government report showed U.S. crude inventories increased on weakening demand from refineries.

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