Oil slides on rising US crude inventory

Crude inventories at Cushing rose by more than 943,000 barrels in the week to 1 February

Oil price: Brent crude futures dropped 24 cents, or 0.38%, to settle at $62.51 a barrel — Oil price: Brent crude futures dropped 24 cents, or 0.38%, to settle at $62.51 a barrelPhoto: REUTERS/SCANPIX

Reuters

Production Opec Venezuela US West Texas Intermediate West Texas Intermediate

Published 5 February 2019, 00:13Updated 5 February 2019, 00:13