Oil Prices Ease On Surprise Rise In US Stockpiles - Dollar Advisory | Best Commodity Tips Provider

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Wednesday 15 May 2019

Oil Prices Ease On Surprise Rise In US Stockpiles



Oil eased on Wednesday after closely watched data showed a surprise rise in U.S. crude stockpiles, but prices were supported by mounting tensions in the Middle East.
Brent crude futures were at $70.90 a barrel, down 41 cents, or 0.7%, from their last close. Brent closed up 1.4% on Tuesday.

Oil prices have drawn support after Saudi Arabia on Tuesday said armed drones struck two of its oil pumping stations, two days after the sabotage of oil tankers near the United Arab Emirates.


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