Oil slid more than 2% on rising US crude inventories
Oil slid more than 2% on rising US crude inventories
International benchmarks for crude oil fell sharply on Wednesday, 27 October 2021 after the Energy Information Agency (EIA) released a report showing a larger than expected pile up in US crude inventories, which encourage investor to unload their long positions.
Brent loses $1.82 or 2.1% to close at $84.58/barrel.
WTI settled down $1.99 or 2.4% at $82.66/barrel.