Oil falls on surprise build in US crude inventories
US crude stocks rose by 4.7-million barrels in the week to December 13, when analysts expected a rise of just 1.3-million
18 December 2019 - 12:56
London — Oil prices fell on Wednesday after US industry data showed a surprise build up in crude inventories but losses were kept in check by expectations for an uptick in demand in 2020 on the back of progress in resolving the US-China trade dispute.
Brent crude futures dropped 41c, or 0.6%, to $65.69 a barrel by 9.40am GMT on Wednesday. West Texas Intermediate (WTI) crude futures fell 52c, or 0.9%, to $60.42 a barrel...
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