Oil slips below $80 on rising U.S. stockpiles

Oil slipped below $80 a barrel on Thursday as the fourth weekly increase in U.S. crude inventories suggested ample supply, while Saudi-U.S. tension and falling Iranian exports lent support. U.S. crude inventories rose 6.5 million barrels last week, the Energy Information Administration said on Wednesday, the fourth straight weekly increase and almost three times what []The post Oil slips below $80 on rising U.S. stockpiles appeared first on Daily Trust.


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