Oil recedes amid focus on US stockpiles

The dive in oil prices seen since Tuesday afternoon CET may be due to figures from the American Petroleum Institute indicating that US crude inventories increased by 4.1 million barrels last week.

by marketwire, translated by jonas sahl jørgensen

Wednesday morning, oil prices continue their decline from Tuesday, when European benchmark Brent came close to USD 81 per barrel before it started to decline during the afternoon.

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