By Adedapo Adesanya On Tuesday, crude oil traded lower on signs of easing supply concerns, with Brent falling by 17 cents to close at $83.16 per barrel, and the US West Texas Intermediate (WTI) crude depreciating by 10 cents to finish at $78.38 a barrel. Data from the American Petroleum Institute (API) showed a jump in US crude and fuel stocks last week, as inventories in the US, the largest oil producer, rose by 509,000 barrels for the week ending May 3 versus a 4.906 million barrel build in crude inventories in the preceding week. Rising inventories, typically a sign
Crude Oil Trades Lower on Easing Supply Concerns
