-
Oil declines ahead of U.S. stockpile data amid choppy trading
Oil fell after a three-day climb as investors weighed data that pointed to an increase in US inventories. Brent futures, the global benchmark, lost 0.9 per cent. Prices have struggled for meaningful direction in recent days as trading volumes have thinned out with summer getting underway in the Northern Hemisphere. US inventories of crude expanded by almost 2 million barrels last week, estimates from the American Petroleum Institute showed, according to people familiar with the figures. Gasoline holdings also rose, despite being a time of year when they would normally be expected to drop, due to high consumption for ... (full story)