Raise in American inventory and OPEC failure of consensus push Oil prices fall

Brent crude oil futures were down by 27 cents, or 0.6%, at $47.15 a barrel by 0131 GMT, while West Texas Intermediate crude was down by 29 cents, or 0.7%, at $44.26.   Industry data from the American Petroleum Institute showed U.S. crude inventories rose by 4.1 million barrels last week, compared with analysts’ expectations … Continue reading Raise in American inventory and OPEC failure of consensus push Oil prices fall