Oil Prices Fall More than 1% After US Crude, Fuel Inventories RiseSingapore, 22 May (ONA) — Oil prices today fell more than 1 percent amid news of unexpected increases in US crude and fuel inventories, raising concerns about demand in the world’s largest oil consumer.
Brent futures hit a session low of $63.86 per barrel, while US crude futures reached a low of $60.60 per barrel.
Crude inventories rose by 1.3 million barrels to 443.2 million barrels in the week ended 16 May 2025, the US Energy Information Administration (EIA) said.— Ends/Khalid
