Oil falls on weak demand for gasoline in the United States

Oil prices fell today with weak US gasoline demand, and prices pared losses during the session after TC Energy said the Keystone pipeline, one of Canada's main oil export arteries, was operating at reduced rates for a third day. Government data showed that US gasoline stocks (USOILG = ECI) rose by 3.5 million barrels last week, and US crude stocks (USOILC = ECI) decreased by 446 thousand barrels last week.

Brent crude futures for September delivery fell to $106.92 a barrel, US West Texas Intermediate crude futures for August delivery fell $1.96 to $102.26 a barrel, and US West Texas Intermediate crude futures for September delivery recorded $99.88 a barrel.