West TX Oil near $100 on high stocks

U.S. crude held below $100 a barrel on Thursday, after slipping more than $1 in the previous session to hit a one-month low as crude inventories in the United States rose to a new all-time high last week.

U.S. crude for June delivery edged down 3 cents to $99.71 a barrel by 0022 GMT after falling 1.5 percent on Wednesday to settle at its lowest since April 2.

Brent crude inched up 2 cents to $108.09 a barrel, following a 0.8 percent drop in the previous session to settle at lowest in more than two weeks.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.