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Oil drops 3% on weak global economic data, U.S. crude stocks build

A pump jack operates in the Permian Basin oil and natural gas production area near Odessa
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NEW YORK (Reuters) - Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row. Brent crude settled at $59.48 a barrel, shedding $1.82, or 3%, losing some of the previous session's sharp gains after the United States moved to delay tariffs on some Chinese products.The global..
Date Published: Aug 14, 2019
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