Oil slides on rising US crude stockpiles, Saudi vow to keep market balanced (cnbc.com)

Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced.

American Petroleum Institute (API) said on Tuesday that U.S. crude stockpiles rose by 2.4 million barrels last week, to 480.2 million barrels, compared with analysts’ expectations for a decrease of 599,000 barrels.
more detail at: https://www.cnbc.com/2019/05/22/oil-market-middle-east-tensions-opec-supply-cut-in-focus.html

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