World Market News

Crude Prices Drops as US Stockpiles Climbs

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Oil prices were seen declining on Wednesday, dragged lower by analysts’ forecasts for the US crude inventories.

Futures for the North American West Texas Intermediate (WTI) slid 1.02% lower to $43.76 per barrel on the New York Mercantile Exchange at the time of writing. The European benchmark Brent crude edged 0.46% lower to $47.22 a barrel on the London-based ICE Futures Europe exchange.  Read more