Oil prices fell on Thursday as inventory data in the United States, the world's top oil consumer, showed a surge in gasoline stocks that indicates weaker-than-expected fuel demand at the start of summer, the country's peak season for motoring.
Brent crude oil futures were down 55 cents, or 0.8%, at $71.67 a barrel by 0341 GMT, while U.S. oil futures declined by 53 cents, or 0.8%, at $69.43 a barrel.
"An acceleration in vaccinations and rising traffic numbers are a plus for demand for transportation fuel. However, this data highlights it won't be a smooth road back to recovery."
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