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Oil prices drop as U.S. inventories jump fuels demand worries

Por: CNBC Business February 15, 2023

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Oil prices extends losses on Wednesday as a much bigger-than-expected surge in the U.S. crude inventories and expectations of further interest rate hikes sparked concerns over the prospect of weaker fuel demand and economic recession.Brent crude futures slid 72 cents, or 0.8%, to $84.86 per barrel by 0442 GMT, while U.S. West Texas Intermediate (WTI) crude futures shed 68 cents, or 0.9% to $78.38.U.S. crude inventories rose by about 10.5 million... + full article



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