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A fuel glut in China, a hangover from demonetisation in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the worlds top four oil buyers.

Oil climbs, but record US crude output, higher OPEC supplies drag

US crude stocks were forecast to fall about 2.5 million barrels on average in the week ended June 1.

5 Jun 2018 8:46 AM IST