Brent falls to two-week low after inventory shock - Finance & Business News, Stock Market updates & Reviews | Themarkettrendz

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Wednesday, 27 October 2021

Brent falls to two-week low after inventory shock

Oil prices fell on Wednesday for a second straight day, with Brent hitting its lowest in two weeks after official figures showed a surprise jump in U.S. inventories of crude. Brent crude dropped $1.36, or 1.6%, to $83.22 a barrel by 0130 GMT, a two-week low, having declined by 2.1% in the previous session. U.S. oil fell $1.28, or 1.6%, to $81.38 a barrel, a one-week low, after dropping 2.4% on Wednesday.

from Commodities-Markets-Economic Times
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