Oil Declines as U.S. Crude Production, Inventories Climb - News Summed Up

Oil Declines as U.S. Crude Production, Inventories Climb


• Oil prices were slightly lower Wednesday, holding near five-month highs after data showed U.S. crude exports remain strong but domestic oil inventories rose for a second straight week. • West Texas Intermediate futures, the U.S. oil benchmark, fell 0.5% to $62.24 a barrel on the New York Mercantile Exchange. Prices closed Tuesday at $62.58 a barrel, the highest closing price since Nov. 5.


Source: Wall Street Journal April 03, 2019 15:56 UTC



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