Oil slips amid macroeconomic concerns despite firm demand expectations


OIL prices slipped on Thursday after a surge in the previous session on a larger-than-expected draw in U.S. gasoline stocks, as markets weighed macroeconomic concerns against firm near-term demand.

Brent futures fell 5 cents to $70.9 a barrel by 0426 GMT, while U.S. West Texas Intermediate crude futures shed 10 cents to $67.58 a barrel.

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Oil , Brent , WTI , gas , LNG , crude , Opec

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