Tokyo-Sana
Oil prices fell today after data showed an increase in crude and fuel stocks in the states, which renewed concerns about excess supply and decreased demand for fuel in the largest fuel consumer in the world amid the spread of the Corona virus.
Reuters reported that Brent crude futures fell 67 cents, equivalent to 1.6 percent to $ 40.51 a barrel, after winning about one percent yesterday.
US West Texas Intermediate crude futures fell 80 cents, equivalent to 2.1 percent, to $ 38.14 per barrel, after increasing two percent in the previous session.
Data showed the American Petroleum Institute that stocks increased by 8.4 million barrels in the week ending June 5, while analysts in a Reuters poll expected a decrease of 1.7 million barrels.
