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2019

Oil Price Drops As U.S. Crude Build Outweighs Venezuela Turmoil

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Oil prices dropped early on Wednesday after the API reported on Tuesday a surprise U.S. crude build that outweighed earlier bullish news of a coup attempt in Venezuela and Saudi Arabia hinting that the OPEC+ pact could be extended in some form through the end of this year. As of 08:58 EDT on Wednesday, before the EIA weekly inventory report, WTI Crude was down 0.75 percent at $63.43 while Brent Crude traded down 0.33 percent at $71.82. Oil rallied early on Tuesday after Saudi Arabia’s Energy Minister Khalid al-Falih said in an interview with…



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