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Oil prices fell under the pressure of US crude inventories
15:55 - 01/05/2019
Information / Baghdad ...
Oil prices fell slightly in the European market, Wednesday, to continue the US crude losses for the second day in a row, under the pressure of the large rise in crude stocks in the United States, according to preliminary data of the American Petroleum Institute, and traders are looking later today official data in the weekly report of the American Energy Agency .
By 0930 GMT, US crude fell to $ 63.20 a barrel from the opening level of $ 63.37, recording a high of $ 63.56 and a low of $ 63.08.
Brent crude fell to $ 71.45 a barrel from the opening level of $ 71.71, and recorded a high of $ 71.80 and a low of $ 71.29.
US crude lost 0.25% in the last five days, while Brent crude gained 0.2%, its second straight gain.
According to the data, total US commercial inventories rose to 465.5 million barrels, the highest level of US stockpiles since October 2017, in a negative sign of demand levels in the world's largest oil consumer. Finished 25 s
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