An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China. Picture: REUTERS/STRINGER/CHINA OUT
US West Texas Intermediate crude futures dropped 1.4%, or US52c, to $37.44 a barrel, adding to a loss of US42c on Wednesday. A rise in US crude stockpiles to a record high for a second week in a row also weighed on sentiment, even though US government data showed inventories of gasoline and distillate, which include diesel and heating oil, fell.
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