REUTERS
Oil prices slipped away from five-month highs on Thursday as Japanese industry showed signs of slowing down, Reuters writes.
Japanese industrial output fell by 0.3% in March evidencing the fact that Japan’s export-driven economy is struggling to regain momentum amid slowing global growth.
As of 0900 Moscow time, Brent futures fell by $0.35 to $65.49 a barrel, while futures for WTI were down by $0.02 to $58.56.
The drops followed a session in which prices hit five-month highs after news broke about the first crude stock decline in almost half a year at the U.S. Cushing hub.