Oil slips amid war jitters, surprise build in US crude stocks

Singapore, June 19 (BNA): Oil prices eased slightly during trade on Wednesday but held near their highest levels in seven weeks, as the market weighed concerns over escalating conflicts against demand worries following an unexpected build in U.S. crude inventories.

Brent crude futures eased 17 cents to $85.16 a barrel by 0635 GMT, while U.S. West Texas Intermediate crude was down 22 cents to $81.35 per barrel, Reuters reported.

 

U.S. crude stocks rose by 2.264 million barrels in the week ended June 14, according to market sources citing American Petroleum Institute figures on Tuesday. Analysts polled by Reuters had expected a 2.2 million barrel draw in crude stocks.

M.I. 






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