Oil slid as investors assessed signs of lackluster US gasoline demand. West Texas Intermediate fell near $97 a barrel, while the dollar erased an earlier loss, making commodities priced in the currency less attractive. A US report showed gasoline inventories rose more than expected last week, while a four-week average indicated high prices crimped use to just above the same time two years ago, and below every other year since 2000. After rallying for most of the first half following Russia’s invasion of Ukraine, oil prices have been dragged lower in recent weeks by fears of recession, central bank tightening, and a broad move by investors away from commodities. Crude futures are on course in July to cap their first back-to-back monthly loss since 2020 despite signs physical markets remain tight, and prices have swung sharply at times this week. “Crude oil price action remains choppy, with trading volumes […]