Mubasher: Oil went down at Wednesday’s settlement despite the decline in the US crude stockpiles.
May Nymex WTI declined $0.29, or 0.5%, to close at $63.76 per barrel.
Earlier today, the Energy Information Administration (EIA) said that US crude oil inventories fell by 1.4 million barrels to 455.2 million barrels in the week ended 12 April.
Source:
Mubasher
