|
|
Oil inched lower on concerns over rising US inventoriesA report from the American Petroleum Institute showed that the US crude inventories rose by 2.26 million barrels last week. If confirmed by official data, this would be the third increase in a row |
|
International benchmarks for crude oil inched slightly lower on Wednesday, 19 June 2024 as investors halted short-covering to assess the summer demand outlook in the US. A report from the American Petroleum Institute showed that the US crude inventories rose by 2.26 million barrels last week. If confirmed by official data, this would be the third increase in a row – not a good optic for the traditional peak demand season.
Brent slipped 6 cents to close at $85.27/barrel.
WTI fell 10 cents to settle at $81.47/barrel.
