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Oil prices dip over rising US crude production
April 25, 2019
Source: Reuters

Oil prices dip over rising US crude production

Oil prices took a fall in the international market on Thursday, owing to US pumping record crude offsetting the influence of U.S. sanctions and OPEC-led supply cut. International Benchmark Brent crude futures lowered 0.3%, to $74.35 per barrel. U.S. West Texas Intermediate (WTI) crude futures fell 0.4%, to $65.60 per barrel. An EIA report released on Wednesday depicted a rise of 1.3 million barrel in US crude inventories last week.

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