Cryptocurrency Short News

U.S. Crude Oil Prices Fell Amid U.S. China Trade War


The concern that the U.S.-China Trade War would drag until next year is affecting world stock prices. The U.S. crude oil prices fell on Wednesday as the inventory rose to a surprising level. Although The American Petroleum Institute (API) estimated the rise in inventory by 1.41 million barrels; but the actual crude inventory rose by 3.72 million barrels. 


Brent futures fell by 45 cents, West Texas Intermediate crude slipped by 36 cents. The demand has slowed down due to the trade war. The U.S. is ready to export crude oil on an annual basis from the coming calendar year. 

Show More

Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Back to top button