Oil falls as U.S. crude inventories rise despite Saudi supply concerns
12 Articles
12 Articles
At the opening of its dealings on Wednesday, oil prices declined following an unexpected rise in American crude stocks, while investors were assessing the risks of supply, after Saudi Arabia suspended oil loading operations at the port of Dhub following an attack on its pipeline (East-West) leading to the Red Sea.
SINGAPORE (Reuters) - Oil prices fell on Wednesday after a sharp rise in the previous two days, but remained near a four-month high. The rebound, although not significant, was helped by an unexpected build in U.S. crude inventories, according to Reuters and Bloomberg data.
Oil prices fall to $108.2 as higher U.S. inventories offset Mideast supply disruptions
Oil prices fell on Wednesday after a two-day rally, as an unexpectedly large increase in U.S. crude inventories weighed on prices while ongoing supply disruptions in the Middle East continued to support the market. As of 5:23 GMT, Brent crude futures declined 59 cents, or 0.54 percent, to $108.2 a barrel, while U.S. West Texas […]
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