STOCK MARKET NEWS: Futures cautious, oil choppy, jobless claims due

Gasoline continues slide

The average price of a gallon of gasoline slipped on Thursday to $4.139, according to AAA. Gas was $4.163 on Wednesday. Gas has been on the decline since hitting a high of $5.016 on June 14. Diesel slipped as well to $5.215 from $5.237.

Oil trades choppy on demand concerns

Oil prices bounced between gains and losses on Thursday after U.S. data signaled weak fuel demand.

West Texas Intermediate (WTI) crude futures traded around $90.00 a barrel. Brent crude futures traded at $96.00 a barrel.

Both benchmarks fell to their weakest levels since February in the previous session after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week.

OPEC+ also agreed to raise its oil output target by 100,000 barrels per day.

U.S. crude oil inventories rose unexpectedly last week as exports fell and refiners lowered runs, while gasoline stocks also posted a surprise build as demand slowed, the Energy Information Administration said.

Cryptocurrency prices for Bitcoin, Ethereum and Dogecoin were higher Thursday morning

Bitcoin was trading around $23,000 after snapping a three-day losing streak. In the past week, Bitcoin has lost 0.3%. For the year, the cryptocurrency has lost more than 49%.

Ethereum was trading at $1,600, slipping 1% in the past week. Dogecoin was trading at 6 cents, off more than 1% in the past week.

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