Mixed Inventory Report Weighs on Oil Ahead of Official Data

Investors are weighing U.S. data showing crude inventories declined last week

Crude Oil: $47.75 barrel, Natural gas: 2.961/MMBtu, Gold:$1290.40 per troy oz


LONDON—Oil prices fell Wednesday as investors weighed U.S. data showing crude inventories declined last week while stocks of refined products mounted.

Brent crude, the global benchmark, was down 0.48% at $51.62 a barrel on London’s Intercontinental Exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.38% at $47.65 a barrel.

The American Petroleum Institute, an industry group, said…To Read more.

Resource: WSJ

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