A Sudden Rise in US Crude Stocks Reduces Oil Prices

A Sudden Rise in US Crude Stocks Reduces Oil Prices

Oil prices fell on Wednesday, after data showed an unexpected increase in inventories in the United States and as investors awaited news on whether the United States will impose duties on Chinese goods on Sunday. Brent crude futures fell 45 cents, or 0.7 percent, to $ 63.89 a barrel by 0733 GMT. The US West […]

Oil Prices Drop Due to Trade War Fears

Oil Prices Drop Due to Trade War Fears

Oil prices fell, on Tuesday, for the second consecutive session, as the negative effects of the prospects of slowing global demand overshadowed the advantages of OPEC’s agreement with partner producers at the end of last week to increase crude production cuts in early 2020. Brent crude futures fell 11 cents, or 0.2 percent, to $ […]