Oil falls after U.S. gasoline stocks surge against expectations


TOKYO: Crude prices fell on Thursday after official data showed a big increase in U.S. gasoline stocks, sparking concerns about demand weakening in the world's biggest oil consumer as crude supplies around the world rise.

Brent crude fell 51 cents, or 0.8%, to $62.65 a barrel by 0648 GMT. U.S. oil fell 53 cents, or 0.9%, to $59.24 a barrel.

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Brent , WTI , crude oil , IMF

   

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