Jet fuel prices ease as oil prices decline

Oil prices have continued the run of steep declines over the past week, as soft demand, particularly in the US, keeps futures low. Weakness in demand has been felt most keenly in gasoline, where US stockpiles are approaching an eight-year peak. Gasoline stocks rose by 2 million barrels (an increase of just under 1%), while other distillate fuel inventories (including jet fuel) rose by 400,000 barrels to 157.5 million barrels.