Oil falls on weaker demand outlook and higher US stocks | live
By Enes Tunagur LONDON, Aug 13 (Reuters) - Oil prices declined on Thursday as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks, though prices found support from a lack of progress in talks over the blockaded Strait of Hormuz and disruptions to supply. Brent futures were down $1.54, or 1.7%, at $87.44 a barrel by 1140 GMT, trimming gains accumulated over the previous six sessions.
By Enes Tunagur LONDON, Aug 13 (Reuters) - Oil prices declined on Thursday as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks, though prices found support from a lack of progress in talks over the blockaded Strait of Hormuz and disruptions to supply. Brent futures were down $1.54, or 1.7%, at $87.44 a barrel by 1140 GMT, trimming gains accumulated over the previous six sessions.
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