Oil falls as rise in U.S. fuel stocks suggests easing demand

Oil fell on Wednesday after a surprise rise in U.S. inventories of refined products that suggested demand may be flagging.

Brent crude futures were down 79 cents at $62.07 a barrel by 1253 GMT, after reaching a session high of $62.93, while U.S. crude futures dropped 81 cents to $56.81.

With global equities under pressure from sliding technology stocks and the U.S. bond market suggesting investors are cautious about the economic outlook, industrial commodities such as crude and copper are feeling the pinch…

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