With US crude oil inventories rising to 334 million, the highest level in nearly six years, traders became more confident about the supply during the summer driving season.
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Oil Rises More And More
Oil extended their decline Thursday as traders expected
Oil extended their decline Thursday as traders expected that US supplies will meet peak demand during the summer driving season.
Crude oil futures for June delivery fell 33 cents to end at $46.92 a barrel on the New York Mercantile Exchange.
In London Brent oil futures for July delivery shed 27 cents to settle at $47.88 a barrel on the IPE.
With US crude oil inventories rising to 334 million, the highest level in nearly six years, traders became more confident about the supply during the summer driving season.
With US crude oil inventories rising to 334 million, the highest level in nearly six years, traders became more confident about the supply during the summer driving season.
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