Oil Prices Slip on Rising US Crude Stocks Amid Middle East Uncertainty
Oil prices fell on Wednesday, with Brent crude dropping by 1.42% to settle at US$74.96 per barrel and U.S. West Texas Intermediate (WTI) crude slipping 1.35% to US$70.77. The decline followed a report from the US Energy Information Administration (EIA) showing an unexpectedly large increase in crude inventories, which rose by 5.5 million barrels last […]