Investing.com-- Oil prices fell slightly in Asian trade on Wednesday, remaining at four-month lows after industry data pointed to an unexpected, bumper build in U.S. inventories.
Gasoline and distillate inventories also clicked builds, raising more concerns about demand in the world’s biggest fuel consumer, even as the travel-heavy summer season began. The move presented a weak outlook for oil prices going into 2025, especially if demand remained stagnant. Weak economic data from major global oil consumers added to this concern.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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