oil falls as us crude inventories increase
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Oil falls as US crude inventories increase

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Emiratesvoice, emirates voice Oil falls as US crude inventories increase

Washington - SPA

Crude futures fell Wednesday on Wall Street after the U.S. government said the country’s crude-oil inventories rose again last week. Bechmark light sweet crude futures were down about $1.50 to about $92.25 a barrel in early-afternoon trade on the New York Mercantile Exchange. U.S. crude supplies increased by 3 million barrels, or 0.8 percent, to 391.4 million barrels, which is 4.6 percent above year-ago levels, the Energy Department said in its weekly petroleum inventory report. It was the 10th consecutive weekly increase.

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