Oil down after Fed comments, U.S. crude stock build

LONDON, March 23 (Reuters) – Oil prices dipped on Thursday, having hit their lowest since late 2021 earlier this week, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while U.S. crude stockpiles swelled.

Brent crude futures were down 54 cents, or 0.7%, to $76.15 a barrel at 0929 GMT, while U.S. West Texas Intermediate crude (WTI) dropped 62 cents, or 0.9%, to $70.28.

View entirety: Reuters