Oil falls as investors take profits, but fuel switching caps losses
Oil falls as investors take profits, but fuel switching caps losses
Oil prices fell on Thursday as some investors scooped up profits from the recent rally, though solid demand in the United States and a switch to fuel oil from coal and gas amid surging prices capped losses.Brent crude futures fell 54 cents, or 0.6%, to $85.28 a barrel by 0649 GMT,turning down from earlier gains that took the benchmark to the highest since October 2018. It rose 0.9% the previous…
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