Oil prices declined on Thursday amid concerns about the speed of demand recovery as parts of Europe imposed fresh lockdown measures to control the rise in coronavirus cases.
US Energy Information Administration data showed a decline in oil inventories by about 1 million barrels in the week ending Oct. 16, but gasoline inventories increased by 1.9 million barrels.
Separately, the White House Chief of Staff Mark Meadows announced on Wednesday, Oct. 21, that the US is looking to reach a financial stimulus deal within the next 48 hours.
In terms of trading, Brent crude was down 0.4% at $41.58 a barrel, at 8.50 am Makkah time.
US West Texas Intermediate (WTI) crude futures fell 0.5% to $39.85 a barrel.
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