Oil Falls As US Crude Inventories Rise
Singapore: Oil prices fell on Wednesday following an unexpected surge in US crude inventories, while investors were assessing supply risks in the Middle East.
Brent futures fell 93 cents, or 0.86%, to $107.82 a barrel, and West Texas Intermediate (WTI) futures tumbled 97 cents, or 0.92%, to $104.86 a barrel.
The benchmark crude futures closed higher by more than $3 on Tuesday, hitting their highest levels since May 19.
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