Brent Slips As US Crude Stocks Rise

Published on Thursday, 26 Apr 12:30 pm

Brent crude slipped below $119/B on Thursday, as easing concerns of disruption in Iranian oil exports and  high US crude stocks dampened optimism over a recovery in the US economy, reports Reuters. The Federal Reserve said on Wednesday it would support growth in the US if necessary as it left the door open for another round of monetary easing, raising hopes of higher energy demand. Brent crude fell 16 cents to $118.96/B early on Thursday after settling up 55 cents to $119.12/B on Wednesday. US crude dipped 12 cents to $104.00/B.

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