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Oil tilts lower with signs of weaker demand after U.S. crude build Comments Oil futures edged lower Thursday, with the geopolitical premium from Ukraine's continued strikes on Russian refineries offset by concerns about oversupply, amplified by this week's large U.S. crude stock build and Saudi Arabia lowering its December official selling price to Asia. Quick Insights Large U.S. crude stock builds are adding pressure on prices due to increased fears of excess supply. Subdued U.S. oil demand, indicated by low consumption and weak travel, is fundamentally weighing on oil prices. Saudi price cuts and rising OPEC+ output have fueled concerns over softening demand growth in Asia, intensifying price pressures. Recommended For You More Trending News
