Oil prices lower after industry data shows rise in U.S. crude inventories

📆 5/10/2023 2:36 PM
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Oil futures trade lower after data from an industry trade group shows a rise in U.S. crude inventories.

Oil futures fell Wednesday, under pressure after data from an industry trade group showed a rise in U.S. crude inventories, with official government data due later in the session.

Official... Oil futures fell Wednesday, under pressure after data from an industry trade group showed a rise in U.S. crude inventories, with official government data due later in the session.

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Oil falls on higher US oil stocks, inflation data in focusOil prices fell on Wednesday, ending a three-day rally, as an unexpected rise in U.S. oil inventories sparked demand concerns and investors awaited U.S. inflation data to gauge the next rate decision in the top oil consuming nation.
Source: Reuters - 🏆 2. / 97 Read more »