Oil prices fell on Thursday, pressured as U.S. crude stockpiles surged to their ...
SINGAPORE - Oil prices fell on Thursday, pressured as U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production and as economic concerns cast doubt over growth in demand for fuel.
U.S. West Texas Intermediate crude oil futures were at $64.28 per barrel, down 33 cents, or 0.5 percent, from their previous settlement. There are also concerns that an economic slowdown will soon dent fuel consumption after the International Monetary Fund this week downgraded its global growth forecast to the lowest in a decade.
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