Oil falls after gasoline stocks unexpectedly surge

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    TOKYO- Oil prices fell on Thursday after official figures showed a big increase in US gasoline stocks, causing concerns about demand for crude weakening in the world’s biggest consumer of the resource at a time when supplies around the world are rising.

    Brent crude eased 36 cents, or 0.6 percent, to $62.80 a barrel. US oil fell 38 cents, or 0.6 percent, to $59.39 a barrel. – Reuters