Unexpected increase in US stocks puts oil under pressure
Brent slips as investors wait for news on whether a fresh round of US tariffs on Chinese goods will take effect on Sunday
11 December 2019 - 08:04
Singapore — Oil prices fell on Wednesday after industry data showed a surprise build in crude oil inventory in the US 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 37c, or 0.6%, to $63.97 a barrel by 1.21am GMT. US West Texas Intermediate (WTI) crude slipped 30c, or 0.5%, to $58.94 a barrel...
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