Oil Hits Pause as Traders Parse Trump’s Russia Threats, US Data

Oil fell as broader markets weakened on worse-than-expected US inflation data and crude traders cashed out after prices reached a six-week high.

While West Texas Intermediate slipped 1.1% on Thursday to settle below $70 a barrel, snapping a three day rally, prices are largely still range-bound as traders await clearer signals on balances for supply and demand.