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Oil Prices Ease on Surprise Rise in U.S. Stockpiles, But Middle East Tensions Support
Wednesday, 15 May 2019 08:43 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil eased on Wednesday after closely watched data showed a surprise rise in U.S. crude stockpiles, but prices were supported by mounting tensions in the Middle East.

Brent crude futures were at $70.90 a barrel at 0100 GMT, down 41 cents, or 0.7%, from their last close. Brent closed up 1.4% on Tuesday.

U.S. West Texas Intermediate (WTI) crude futures were at $61.39 per barrel, down 24 cents, or 0.3%, from their previous settlement. WTI closed up 1.2% in the previous session.

U.S. crude stockpiles unexpectedly rose last week, while gasoline and distillate inventories increased, data from industry group the American Petroleum Institute showed on Tuesday.

Source : Reuters

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