HOUSTON: Oil prices settled down just over 1% on Wednesday after US data showed surprisingly large build in gasoline and diesel inventories, swelling fuel supplies with Opec+ planning more output and trade tensions clouding the energy demand outlook.
Brent crude futures closed down 77 cents, or 1.2%, at US$64.86 a barrel. US West Texas Intermediate crude settled 56 cents, or 0.9% lower at US$62.85.
