Oil Falls on Increasing Supply - News Summed Up

Oil Falls on Increasing Supply


• Oil prices declined on Wednesday after government data showed a larger-than-expected increase in U.S. stockpiles. • Light, sweet crude for June delivery settled down 0.5% to $63.60 a barrel on the New York Mercantile Exchange. • Brent, the global benchmark, settled up 0.2% to $72.18 a barrel.


Source: Wall Street Journal May 01, 2019 16:18 UTC



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