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Surprise build in US stockpiles push oil prices down
Dec. 11, 2019
Source: Reuters

Surprise build in US stockpiles push oil prices down

Oil prices dipped in the international market on Wednesday, stressed by a surprise jump in the US stockpiles, while investors keep a close look at a new round of U.S. tariffs on Chinese goods. Brent crude futures LCOc1 slipped 0.7%, to $63.90 per barrel. US WTI crude futures CLc1 fell 0.6%, to $58.91 a barrel. An unexpected build of 1.4 million barrels pushed US crude stockpiles to 447 million barrels.

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