Oil prices slipped on Thursday, after a sharp fall in U.S. gasoline stocks was outweighed by an increase in crude stocks. Brent crude, the global oil benchmark, fell 0.7% to $42.78 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.3% at $40.69 a barrel. U.S. government data released Wednesday surprised traders with a 3.3 million-barrel decline in gasoline inventories , temporarily sending crude prices higher. “Gasoline stocks drawing in the middle of the summer driving season is actually something quite normal and they are drawing from a relatively elevated level, so I think those people that have come out and indicated that this is a turning point are perhaps premature in that assessment,” said Harry Tchilinguirian, head of commodity strategy at BNP Paribas SA BNPQY 0.21 % . Even with the draw on U.S. gasoline stocks, total […]