Key Points
HOUSTON (Reuters) -Oil prices fell about 4% on Wednesday to their lowest settlements since June, as a larger-than-expected rise in U.S. gasoline inventories exacerbated worries about fuel demand...
U.S. WTI crude futures fell by $2.94, or 4.1%, to $69.38 a barrel...
The market is more demand focused than supply focused right now, Dennis Kissler, senior vice president of trading at BOK Financial.. Concerns over Chinas economic health also weighed on prices, a day after rating agency Moodys lowered the outlook on Chinas A1 rating to negative from stable...
U.S. gasoline stocks rose by 5.4 million barrels last week, the Energy Information Administration said, more than quintuple the 1 million-barrel rise that analysts had expected..
On Wednesday, Russian president Vladimir Putin traveled to the United Arab Emirates and Saudi Arabia to meet with the UAEs President Sheikh Mohammed Bin Zayed Al Nahyan and Saudi Crown Prince Mohammed bin Salman..
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