Wednesday 28 March 2018

Oil eases back from 2018 highs above $70 a barrel

Oil eases back from 2018 highs above $70 a barrel:

"Oil fell on Wednesday as investors took profit on a rally the previous day to this year’s highs after a report showed a surprisingly large increase in U.S. crude inventories.

Brent crude futures LCOc1, which expire on Thursday, were at $69.70 per barrel, down 41 cents on the day by 0917 GMT, while June futures LCOc2 were down 44 cents at $69.02.

 WTI futures CLc1 were down 60 cents at $64.65 a barrel."



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