World Market News

Crude Prices Drops as US Stockpiles Climbs


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