SINGAPORE (Reuters) – Oil prices slipped on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy and on a larger-than-expected build-up in U.S. crude stocks.
U.S. West Texas Intermediate (WTI) crude oil futures fell 87 cents, or 2.1%, to $39.80 a barrel by 0104 GMT while Brent crude futures fell by 74 cents, or 1.7%, to $41.91 a barrel.
President Trump, still being treated for COVID-19, ended talks on Tuesday with Democrats on an economic aid package for his pandemic-hit country with the U.S. presidential election only weeks away.
