Oil prices slipped on Wednesday having earlier touched $72.83, their highest since May 20, 2019. The price dip came after U.S. inventory data showed a surge in gasoline inventories due to weak fuel demand. This was reportedly caused by the U.S. Memorial Day weekend, traditionally the beginning of the peak summer driving season. Brent crude futures fell 23 cents, or 0.3%, to $71.99 a barrel by 12:35 p.m. EDT(1635 GMT), having earlier touched $72.83, their highest since May 20, 2019. U.S. West Texas Intermediate (WTI) crude fell 43 cents, or…
Read MoreOil hits fresh 2 year high, retreats from $72.83 pb mark
