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Oil dips on swelling US inventories, but expected OPEC supply cut stems losses

Oil dips on swelling US inventories, but expected OPEC supply cut stems losses

U.S. com­mer­cial crude oil inven­to­ries rose by 4.9 mil­lion bar­rels to 446.91 mil­lion bar­rels last week, the Ener­gy Infor­ma­tion Admin­is­tra­tion (EIA) said in a week­ly report on Wednes­day. That was the high­est lev­el since Decem­ber last year.
Source: CNBC RSS

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