US crude inventories, an indicator of fuel demand, fell by 6.2 million barrels last week, according to the American Petroleum Institute. Getty Images
US crude inventories, an indicator of fuel demand, fell by 6.2 million barrels last week, according to the American Petroleum Institute. Getty Images
Oil-price slide continues as concern grows over China's economic growth
UBS raised its oil price forecast for the year as Saudi Arabia and Russia imposed additional supply cuts
