Crude oil prices retreated on Thursday following a surprising increase in U.S. crude inventories and emerging diplomatic progress between Russia and Ukraine, developments that eased prior supply concerns in global markets. Brent crude, the international benchmark, traded at $62.35 per barrel — down 0.1 percent from Wednesday’s close of $62.42. U.S. benchmark West Texas Intermediate … Continue reading Global Oil Market Slips After U.S. Crude Stockpiles Jump Unexpectedly