LONDON (Reuters) – Oil costs fell on Wednesday on weak financial knowledge from China and Europe and an increase in U.S. crude inventories, virtually erasing the earlier session’s sharp positive factors after the USA stated it could delay tariffs on some Chinese language merchandise.

FILE PHOTO: Drilling rigs function at sundown in Midland, Texas, U.S., February 13, 2019. REUTERS/Nick Oxford/File Picture

Brent crude LCOc1 was down $2.08, or 3.4%, at $59.22 a barrel at 1214 GMT, after rising 4.7% on Tuesday, the largest proportion achieve in a day since December.

U.S. West Texas Intermediate (WTI) crude futures CLc1 have been down $2.13, or 3.7%, at $54.97 a barrel, having…

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