Oil slips on weaker demand outlook and higher US stocks amid supply disruptions | 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, while prices found support from a lack of progress in talks over the blockaded Strait of Hormuz and disruptions to supply. Brent futures were down 91 cents, or 1%, to $88.07 a barrel at 0800 GMT, trimming gains over the prior 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, while prices found support from a lack of progress in talks over the blockaded Strait of Hormuz and disruptions to supply. Brent futures were down 91 cents, or 1%, to $88.07 a barrel at 0800 GMT, trimming gains over the prior six sessions.
What's Your Reaction?
