Oil prices ease as US crude inventories rise unexpectedly | Arab News

Oil prices ease as US crude inventories rise unexpectedly | Arab News:

"Oil prices slipped on Wednesday, under pressure from a rise in US crude and gasoline inventories although crude remained near three-year highs. Brent futures eased 24 cents to $69.72 a barrel at 0930 GMT, after climbing above $70 this month for first time since 2014. US West Texas Intermediate (WTI) futures were unchanged at $64.47 a barrel. The American Petroleum Institute said on Tuesday crude inventories rose by 4.8 million barrels in the latest week, compared with expectations for a decline of 1.6 million barrels. Gasoline inventories also rose."



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