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Oil down after weekly U.S. crude stocks exceed expectations

  • 📰 Reuters
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  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

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Oil slips after unexpected build in U.S. crude stocks

Brent futures, which have risen more than 3% this week, were down 37 cents, or 0.5%, at $74.95 a barrel at 0400 GMT. U.S. West Texas Intermediate crude futures were down 39 cents, or 0.6%, at $69.28.

That defied expectations for a drawdown of about 1.6 million barrels from eight analysts polled by Reuters. At the same time, markets are awaiting the outcome of the U.S. Federal Reserve's meeting on Wednesday, in what is widely seen as the most challenging Fed policy decision in recent times.

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귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Looks like the oil market is feeling the stress of decision-making! All eyes on Fed👀 BrentOil FederalReserve

Well at $4.50 Gal in Arizona is ridiculous..

Nah, that ain't why it 'slipped' tell the real...

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