Oil slips as trade worries weigh on market | Reuters

Oil slips as trade worries weigh on market | Reuters:

Crude prices settled slightly lower on Thursday, extending the previous session’s losses as the escalating China-U.S. trade dispute casts doubt over the outlook for oil demand.

Brent crude futures LCOc1 fell 21 cents to settle at $72.07 a barrel. U.S. crude CLc1 fell 13 cents to $66.81 a barrel.

Both benchmarks tumbled more than 3 percent on Wednesday after U.S. data showed a smaller-than-expected weekly draw in crude inventories and a surprise build of 2.9 million barrels in gasoline supplies. Analysts polled by Reuters had forecast a 1.7 million-barrel draw in gasoline stocks USOILG=ECI. [EIA/S]