Oil drops as US data shows unexpected rise in crude stocks
HOUSTON: Oil prices dropped about 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday.
Brent futures fell 80 cents to $63.54 per barrel by 10:29 a.m. CDT (1629 GMT). West Texas Intermediate crude slipped 61 cents to $58.63 a barrel.
