Brent Crude Futures Fall With Rising US Crude Inventories

  • 5 years ago
According to Reuters, Brent crude oil slipped because investors are growing concerned over another supply glut.
On the day, Brent crude is trading down about 31 cents, falling to $66.45 per barrel.
But the price for Brent crude futures has a few influential factors.
For one, US oil inventory is on the rise, with eight straight weeks of growth.
But US inventories are also swelling at their fastest rate in a year.

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