SINGAPORE: Oil prices lost ground on Thursday, falling from their highest levels in more than a month after U.S. fuel stockpiles surged amid declining demand.
The global benchmark Brent crude futures fell 63 cents, or 0.8%, to $80.17 a barrel, as of 0727 GMT. U.S. West Texas Intermediate (WTI) crude futures lost 58 cents, or 0.8%, to $77.27 a barrel.
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