Oil prices slip as U.S. inventory build stokes fears of supply glut

22.10.2020

Oil prices eased on Wednesday after a surprise build-up in U.S. crude stockpiles stoked concerns about a global supply glut and a spike in global COVID-19 cases fuelled fears of a stalled oil demand recovery.

Brent crude futures were at $42.53 a barrel, down 63 cents, or 1.46%, as of 1349...