Crude Slips Again After Shock Rise in U.S. Inventories

Oil, gas, refinery, upstream, midstreamWorries persist OPEC, Russia struggling to reduce global oil glut

Crude Oil: $45.72 barrel, Natural gas: $3.020/MMBtu, Gold:$ 1290.10 per troy oz


Global oil prices turned lower Thursday, after posting their sharpest fall since early March overnight on an unexpected build in U.S. crude inventories last week.

Brent crude, the global oil benchmark, fell 0.8% to $47.69 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.9% at $45.33 a barrel.

Oil prices sank on Wednesday after the Energy… Read more.

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