Brent crude oil falls 0.5% to $73.87 a barrel following a 2.4% rise in the previous session. Oil prices spiked Wednesday after EIA data showed U.S. crude oil stocks slumped by 9.6 million barrels in the week through June 23. While that points to strong demand ahead of peak U.S. driving season, investors remain concerned about the impact of rising interest rates on oil demand. (yifan.wang@wsj.com)---Oil Falls; Limited Catalysts in Near Term0044 GMT - Oil prices are lower in early Asia trade, remaining in a range-bound trading pattern amid weak risk appetite. Crude oil prices thus lack upward momentum, they say.

Source: Wall Street Journal June 29, 2023 23:14 UTC