Sunday, June 8, 2025
Oil dips as economic concerns, supply and demand expectations weigh- oil and gas 360

Oil dips as economic concerns, supply and demand expectations weigh

(Investing) – LONDON – Oil prices slipped on Thursday after surging in the previous session on a larger-than-expected draw in U.S. gasoline stocks, as markets weighed macroeconomic concerns and demand versus supply expectations. Brent futures were down 37 cents, or 0.5%, at $70.58 a barrel at 10:25 a.m. EDT (1425 GMT), while U.S. West Texas Intermediate crude futures fell 39 cents, or