Oil prices fall 3% on reports of increase in US crude inventories. Is more downside ahead?
US-Iran war: Crude oil prices declined on Wednesday, March 18, after reports indicated a rise in US crude inventories in the American Petroleum Institute.
Brent futures lost $2.31, or 2.24%, to $101.15 a barrel, while US West Texas Intermediate crude fell $3.20, or 3.21%, to $92.46.
