Oil falls after US gasoline inventories unexpectedly surge

TOKYO: Oil NSE -0.56 % prices fell on Thursday after official figures showed a big increase in U.S. gasoline stocks, causing concerns about demand for crude weakening in the world’s biggest consumer of the resource at a time when supplies around the world are rising.

Brent crude eased 36 cents, or 0.6 per cent, to $62.80 a barrel by 0136 GMT. U.S. oil fell 38 cents, or 0.6 per cent, to $59.39 a barrel.