Oil prices fell on Thursday for a second straight session, as demand concerns outweighed tight global supply after U.S. government data showed tepid gasoline consumption during the peak summer driving season, Reuters reported.
Brent crude futures dropped 33 cents, or 0.3%, to $106.59 a barrel by 0618 GMT after slipping 0.4% in the previous session. U.S. West Texas Intermediate crude futures fell 48 cents, or 0.5%, to $99.40 a barrel following a 1.9% drop on Wednesday.
Oil prices have been volatile as traders have had to square tighter global supply because of the loss of Russian barrels following the country's invasion of Uk...
Read full story
