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Oil prices fall over surprise build in US crude stockpiles
May 6, 2020
Source: Reuters

Oil prices fall over surprise build in US crude stockpiles

Oil prices slipped in the international market on Wednesday, stressed down by a higher than expected rise in U.S. inventories refocused investors on the risk of oversupply amid a coronavirus-driven slump in fuel demand. Brent crude dipped 0.7%, to $30.77 a barrel. U.S. WTI crude was priced 1.1%, lower at $24.29 a barrel. API data released yesterday showed a rise of 8.4 million barrels in U.S. crude inventories last week.

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