Oil prices decline 1% amid rising US inventories
pre-market1 source ↓written by the desknot a recommendation
- rise in US
- 6.56 million barrels
- per barrel
- $102.07
- per barrel
- $94.36
International crude oil prices fell over 1% on Wednesday following a 6.56 million barrels rise in US crude inventories for the week ended 13 March. The April contract for Brent crude traded at $102.07 per barrel, while West Texas Intermediate (WTI) dropped to $94.36 per barrel. Supply concerns linked to the West Asia conflict continue to limit further price declines.
Not investment advice. For informational purposes only.