Oil prices edge lower on concerns about weak US demand, oversupply
TOKYO – Oil prices retreated a tad on Thursday on weak demand in the United States and broad oversupply risks, which countered concern over attacks in the Middle East and Russia’s war in Ukraine.
Brent crude futures were down 14 cents, or 0.21%, at $67.35 a barrel by 0433 GMT, and U.S. West Texas Intermediate crude futures lost 15 cents, or 0.24%, to $63.53.
