Oil prices slip as U.S. inventories, virus fears grow – ZAWYA

Oil prices slip as U.S. inventories, virus fears grow – ZAWYA

oil prices slip as u.s. inventories, virus fears grow brent crude fell 35 cents, or 0.8%, to $43.97 a barrel    image used for illustrative purpose. silhouette oil pumps on field against cloudy sky during sunset.singapore - oil prices fell on wednesday as industry data showed a bigger-than-expected inventory build in the united states, where climbing coronavirus cases may further dent fuel demand in the world's biggest oil consumer.in his first press briefing in months on the pandemic, u.s. president donald trump said the outbreak would probably get worse before it gets better, one of his first recent acknowledgements of the spread of the problem. industry group american petroleum institute (api) reported u.s. crude inventories rose last week by 7.5 million barrels, against expectations for a draw of 2.1 million barrels. in his first press briefing in months on the pandemic, u.s. president donald trump said the outbreak would probably get worse before it gets better, one of his first recent acknowledgements of the spread of the problem.singapore - oil prices fell on wednesday as industry data showed a bigger-than-expected inventory build in the united states, where climbing coronavirus cases may further dent fuel demand in the world's biggest oil