Oil Prices Slide As Inventory Data Overshadows Geopolitical Risks

Global oil prices declined on Wednesday, reversing earlier gains as fresh data pointing to rising US crude inventories outweighed lingering geopolitical concerns in the Middle East. Brent crude, the international benchmark, fell to $64.59 per barrel, representing a decline of about 0.6% from Tuesday’s close of $64.98. Meanwhile, US benchmark West Texas Intermediate (WTI) crude … Continue reading Oil Prices Slide As Inventory Data Overshadows Geopolitical Risks