Oil prices fall on US crude inventory increase
The US is on track to become a net exporter of crude and fuel for the first time on record on an annual basis in 2020, according to the EIA
11 December 2019 - 13:02
London — Oil prices fell on Wednesday after industry data showed an unexpected build in US crude inventories and as investors waited for news on whether a fresh round of US tariffs on Chinese goods would take effect on Sunday.
Brent futures fell 24c to $64.10 a barrel by 9.43am GMT. US West Texas Intermediate (WTI) crude slipped by 19c to $59.05 a barrel...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.