Oil falls on increase in US stocks

Portugal Notícia Notícia

Oil falls on increase in US stocks
Portugal Últimas Notícias,Portugal Manchetes

Brent extends losses as Opec and its allies leave markets in limbo by delaying meeting

Oil tankers pass through the Strait of Hormuz. Picture: REUTERS/HAMAD I MOHAMMED

Industry data from the American Petroleum Institute showed US crude inventories rose by 4.1-million barrels last week, compared with analysts’ expectations in a Reuters poll for a draw of 2.4-million barrels. “The risks of the Opec+ alliance failing to reach an agreement are high,” ANZ analysts said in a note on Wednesday.

 

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