US Crude trims gains as Brent dives

2019-03-14 16:49:31 GMT (

Oil prices diverged today as "West Texas" crude trimmed gains, after the dollar rose over most of the major currencies. While there are news of increased crude inventories in a number of countries, meanwhile Brent started falling.
While OPEC revealed in its monthly report that its oil production fell by 221,000 barrels per day to a total of 30.5 million barrels per day in February.
In a related context, the Organization for Economic Co-operation and Development said that oil inventories of member states rose by about 22.1 million barrels to 2.88 billion barrels in January.
As of 15:40 GMT, the dollar index rose 0.3% to 96.7 points, recording the highest level at 96.8 points, and the lowest level at 96.4 points.
As of 15:40 GMT, US West Texas crude rose 0.2% to $58.3 a barrel, recording its highest at $58.7 and the lowest at $58.00.
On the other hand, Brent fell 0.4% to $67.3 a barrel, recording the highest at $68.1 and the lowest at $67.3.

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