Oil falls on U.S. stockbuild; deeper output cut prospects give support
SINGAPORE (Reuters) – Oil fell on Wednesday after gaining over 1% in the prior session since U.S. industry data showed a bigger-than-expected construct in crude stockpiles, but the chance of deeper output cuts from OPEC and its allies contained the decrease. Brent crude futures dropped 31 cents, or 0.52%, to $59.39 a barrel by 0405 GMT…
News story published on 2019-10-23T04:34:00.0000000Z
