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Wednesday, 5 April 2017

Oil eases off one-month high on surprise U.S. crude build | Reuters

Oil eases off one-month high on surprise U.S. crude build | Reuters:

"Oil prices settled a shade firmer on Wednesday, easing from one-month highs, as support from an outage at the largest UK North Sea oilfield was offset by a surprise increase in U.S. crude inventories to a record high limited price gains. News of the unplanned outage of the 180,000-barrels-per-day Buzzard field in the North Sea had already began to support prices on Tuesday. Sources said the repairs would take one to two days. Prices, however, turned lower briefly on Wednesday after the U.S. government reported a rise in crude inventories of 1.6 million barrels last week."



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