Oil drops on higher than expected rise in US stockpiles

Growing inventories fans fears of oversupply as rising Covid-19 cases also cause demand concerns

Falling prices: oil dipped as US inventories rise — Falling prices: oil dipped as US inventories risePhoto: AP/SCANPIX

Reuters

USA API Chiyoki Chen Sunward Trading Opec

Published 24 June 2020, 04:45Updated 24 June 2020, 04:45