Oil prices fell slightly on Thursday as the International Energy Agency (IEA) flagged slowing demand growth this year while a larger than expected jump in U.S. crude inventories also weighed.
Brent crude futures fell 37 cents, or 0.5%, to $81.23 a barrel by 1008 GMT. U.S. West Texas Intermediate crude futures declined 44 cents, or 0.6%, to $76.20.
The IEA’s monthly oil market report on Thursday said that global oil demand is losing momentum, prompting the agency to trim its 2024 growth forecast to 1.22 million barrels per day (bpd) from 1.24 milion bpd.
