Oil falls below USD41 as U.S. inventory rise revives glut worries

Oil falls below USD41 as U.S. inventory rise revives glut worries
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11.06.2020

MOSCOW (MRC) -- Oil fell more than 1% to below USD41 a barrel after a report showed a rise in crude inventories in the United States, reviving concerns about oversupply and weak demand because of the coronavirus crisis, said Hydrocarbonprocessing.The report from the American Petroleum Institute, an industry group, said crude stocks rose by 8.4 million barrels, rather than falling as analy

Full article at mrcplast.com

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