Oil prices fell on Wednesday after industry data showed an unexpected build in crude inventory in the United States and as investors waited for news on whether a fresh round of US tariffs on Chinese goods would take effect on Sunday.
Brent futures fell by 45 cents, or 0.7 per cent, to $63.89 per barrel by 0733 GMT. US West Texas Intermediate crude slipped by 36 cents, or 0.6 per cent, to $58.88 a barrel, down from a more than two-month high reached on Tuesday.
“At this time, everyone was expecting we would have strong…
View entirety: Economic Times