ZCZC
BCN-22
US-ENERGY-OIL-PRICE
Oil prices decline on rising U.S. stockpiles
NEW YORK, Sept. 26, 2019 (BSS/Xinhua) – Oil prices tumbled on Wednesday
after data showed that U.S. crude inventories rose last week.
During the week ending Sept. 20, U.S. commercial crude oil inventories
increased by 2.4 million barrels from the previous week, the U.S. Energy
Information Administration said Wednesday.
At 419.5 million barrels, U.S. crude oil inventories are at the five year
average for this time of year, according to the administration.
The West Texas Intermediate for November delivery decreased 0.8 U.S. dollar
to settle at 56.49 dollars a barrel on the New York Mercantile Exchange, and
Brent crude for November delivery erased 0.71 dollar to close at 62.39
dollars a barrel on the London ICE Futures Exchange.
BSS/XINHUA/HR/1245