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Oil prices ease on surprise builds in US inventories
short by / on Thursday, 22 May, 2025
Oil prices eased on Thursday as unexpected builds in US crude and fuel inventories raised demand concerns, while investors stayed cautious, focusing on renewed Iran-US nuclear talks. Brent futures slipped 33 cents, or 0.5%, to $64.58 a barrel by 00:38 GMT, while US West Texas Intermediate crude dropped 32 cents, or 0.5%, to $61.25.