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Oil Falls To Nearly 6-Month Lows After Surprise U.S. Crude, Gasoline Build

4 Aug 2022

Oil prices slid about 4% to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ said it would raise its oil output target by 100,000 barrels per day (bpd).