Oil drops on US inventory rise

Opec-led cuts and sanctions against Venezuela help stem losses

Bulging inventories: rising US crude stocks and high output weighed on prices — Bulging inventories: rising US crude stocks and high output weighed on pricesFoto: AP/Scanpix/AP/NTB scanpix

Reuters

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Published 7 February 2019, 03:53Updated 7 February 2019, 03:53