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Oil: prices fall this Wednesday

14/05/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Oil prices fell on Wednesday, while traders anticipate a potential rise in US crude inventories, although prices have held close to their highest levels in two weeks amid optimism after the United States and China agreed to temporarily reduce their R& acute; ciproc

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Brent crude futures fell by 39 cents, or 0.6%, to $66.24 per barrel at 04:00 GMT. American West Texas Intermediate (WTI) crude lost 36 cents, or 0.6%, to $63.31. Both benchmarks climbed by more than 2.5% in the previous session. The two largest economies agreed on Monday to suspend their trade war for at least 90 days, with the United States reducing tariffs from 145% to 30% and China reducing tariffs on American imports from 125% to 10%. Crude oil inventories increased by 4.3 million barrels during the week ended May 9

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