Oil pipeline and refinery.
Michael Krakowiak | Getty Images
Oil prices fell on Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged, while U.S. crude inventories dropped less than expected.
Brent crude was down 36 cents, or 0.8%, at $45.01 a barrel by 0442 GMT, having slipped 0.2% in the previous session.
U.S. oil was down 38 cents, or 0.9%, at $42.55 a barrel, after inching higher on Wednesday.
Stockpiles of crude in the United States fell for a fourth straight week, even as net imports rose. However, the 1.6 million barrel decline was less than a Reuters poll showing expectations for a 2.7 million barrel fall.
Stockpiles of crude in the…
Source cnbc.com