Brent oil prices fell below $53 a barrel on Wednes
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Posted On: 03/18/2015 7:40:26 AM
Brent oil prices fell below $53 a barrel on Wednesday on oversupply concerns as industry data indicated U.S. crude stocks had hit a new record high.
U.S. crude inventories rose by 10.5 million barrels to 450 million barrels in the week to March 13, American Petroleum Institute (API) figures showed on Tuesday. [API/S]
Analysts had expected a 3.8-million-barrel increase.
U.S. crude inventories rose by 10.5 million barrels to 450 million barrels in the week to March 13, American Petroleum Institute (API) figures showed on Tuesday. [API/S]
Analysts had expected a 3.8-million-barrel increase.
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