Oil edges lower as Cushing build adds to demand fears | Reuters

Oil edges lower as Cushing build adds to demand fears | Reuters:

Oil prices fell on Monday after data suggested inventories at the U.S. crude delivery hub rose in the latest week, compounding worries that troubled emerging markets and trade tensions will dent the outlook for fuel demand.

Brent crude futures LCOc1 dipped 20 cents, or 0.3 percent, to settle at $72.61 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 declined 43 cents to settle at $67.20 a barrel, with a 0.7 percent loss.

Prices fell earlier in the session by more than $1 a barrel after inventories at the Cushing, Oklahoma, delivery hub for WTI rose by about 1.7 million barrels in the week through Aug. 10, traders said, citing data from market intelligence firm Genscape.