World2h ago
Oil slips on US stock build, Middle East disruptions limit losses
BEIJING/SINGAPORE: Oil prices fell on Wednesday, retreating after a two-day rally following an unexpectedly large build in US crude inventories, while supply disruptions in the Middle East lingered. Brent crude futures fell 73 cents, or 0.67 percent, to $108.02 a barrel at 07:50 a.m. Saudi time, while US West Texas Intermediate futures were down $1.1, or 1.04 percent, at $104.73 a barrel. Both benchmarks settled more than $3 higher and at their highest levels since May 19 on Tuesday, a
This story was originally reported by Arab News. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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