Crude oil price drops as US inventory build-up stokes supply fears

Topics Crude Oil | US crude oil | Energy


TOKYO (Reuters) - Oil prices eased in early trade on Wednesday as industry data showing a build in U.S. crude stockpiles and a forecast for U.S. crude output to fall less than anticipated in 2020 added to worries about oversupply. Brent crude futures fell 13 cents, or 0.3%, to $42.

95 a barrel by 0019 GMT. U.S. West Texas Intermediate (WTI) crude futures dropped 10 cents, or 0.3%, to $40.52 a barrel. Prices were little changed in the previous session and have been held in a narrow band over the past two weeks as concerns about a.

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