A decline in oil prices follows a period of increase

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Oil prices fell today, Wednesday, after a wave of growth that lasted three sessions, and the decline came in light of data that spoke of an increase in US crude oil inventories last week.

And by 09:34 Moscow time, futures for US West Texas Intermediate oil fell 0.91% to $73.04 per barrel.

At the same time, futures for Brent crude fell 0.87% to $76.77 per barrel, Bloomberg reports.

And yesterday, Tuesday, the American Petroleum Institute reported that US crude oil inventories rose by 3.6 million barrels in the week ended May 5.

Later today, official data on black gold reserves will be published by the US Energy Information Administration.

Source: RT + Bloomberg

Brice Foster
With over a decade of experience, Brice Foster is an accomplished journalist and digital media expert. In addition to his Master's in Digital Media from UC Berkeley, he also holds a Bachelor's in Journalism from USC. Brice has spent the past five years writing for WS News Publishers on a variety of topics, including technology, business, and international affairs.

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