Oil Falls on Signs U.S. Crude Stockpiles Expanded

Oil retreated to close $38 a barrel after a U.S. industry report signaled a surprise jump in crude inventories. Underscoring the market’s patchy road to rebalancing. Futures dropped 1.6% in NY. The American Petroleum Institute reported that stockpiles expanded by 8.42 million barrels last week, consistent with people conversant in the info. If confirmed by … Read more

error: Content is protected !!