Energy

Oil markets: Oil demand, fuel inventories

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A man walks on a path in front of an oil derrick near the Huntington Beach Oil Fields on April 20, 2020 in Huntington Beach, California.

Michael Heiman | Getty Images

Oil prices slipped on Friday, on track for a weekly loss, as investors’ focus shifted to lackluster demand and ample fuel supplies, offsetting support from a weak dollar.

Brent crude fell 19 cents, or 0.4%, to $43.88 a barrel by 0034 GMT, heading for its biggest weekly loss since June.

U.S. West Texas Intermediate was at $41.17 a barrel, down 20 cents, or 0.5%, set to post its first weekly drop in five weeks.

The volume of crude arriving in China, the world’s largest crude importer, is set to slow in September after rising for…



Source cnbc.com

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