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Oil slipped on disappointing gasoline inventory data in the USOil slipped on disappointing gasoline inventory data in the US |
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International benchmarks for crude oil settled lower on Wednesday, 20 July 2022 after data from the Energy Information Agency (EIA) showed a buildup of 3.5 million barrels in the US’s gasoline inventory last week despite the peak summer driving season, signalling the softer demand condition.
Brent slipped 43 cents to close at $106.92/barrel.
WTI fell $1.96 to settle at $102.26/barrel.
