Oil prices down on US fuel stocks build, dollar strength
Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members.
Oil Slips Amid Stronger Dollar, U.S. Fuel Stocks Build
Oil edged lower in early trade after falling more than 1% in the previous session due to a stronger dollar and a rise in U.S. fuel stockpiles.
Oil prices settle lower as U.S. crude supplies fall but product stocks rise
Oil futures settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh straight week, but gasoline and distillate stockpiles climbed by more than 6 million barrels each.
Oil falls on US fuel stocks build, dollar strength
Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains from the tightening supplies from Russia and other OPEC members.
Crude oil turns lower as U.S. supplies fell but fuel stocks jumped more than expected
Oil futures pulled back Wednesday to their lowest levels in a month, following the release of bearish data from the U.S. government's weekly inventory report showing large increases in domestic gasoline and distillate stocks,
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