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Oil edges lower after jump in US gasoline stocks, OPEC+ supply...

Oil prices edged lower in Asian trading on Thursday after a surprise jump in U.S. gasoline stocks ahead of the nation's Thanksgiving holiday sparked worry over demand. U.S. gasoline stocks rose 3.3 million barrels in the week ended on Nov. 22, countering expectations for a small draw in fuel stocks. Slowing fuel demand growth in the United States and China has weighed heavily on oil prices this year, although supply curtailments from OPEC+ have limited the losses. OPEC+ members are discussing a further delay to a planned oil output hike that was due to start in January.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14135179/Oil-edges-lower-jump-US-gasoline-stocks-OPEC-supply-decision-focus.html
Source Id: 8432367774

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