Crude Oil Falls Despite Supply Side Risks From Russia
Crude oil moved lower on Wednesday even as drone strikes on Russian ports and refineries disrupting Russian oil supply have increased supply side concerns.
WTI Crude Oil for October delivery was last seen trading down by $0.53 (or 0.82%) at $63.99 per barrel.
On the inventory front, data from American Petroleum Institute revealed that the US crude oil inventories fell by 3.42 million barrels for the week ending September 12.
US Energy Information Administration data today revealed that for the week ending September 12, crude oil stocks in the US decreased...
To Read Full Story Login Below.