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Surge in US crude inventories hit oil prices
June 5, 2019
Source: Reuters

Surge in US crude inventories hit oil prices

Oil prices extended further decline on Wednesday due to unexpected gain in US inventories. The prices were also dragged down because of the questions thrown at OPEC on supply cut by Russian state oil producer Rosneft. Brent went down by 0.7% and was traded at $61.55 a barrel. WTI decreased by 0.9% and was traded at $53 a barrel.

   Read More About : Oil Prices OPEC Rosneft WTI Brent Crude
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