By Adedapo Adesanya Oil prices continued plummetting on Wednesday following a surprise inventory build and uncertainty about interest rate cuts in the United States and the future of oil demand growth. Data showed that Brent crude traded at $83.90 per barrel after losing 2.81 per cent or $2.43 as the US West Texas Intermediate (WTI) finished at $79.44 per barrel after depreciating by 3.04 per cent or $2.49. Earlier on Wednesday, the Energy Information Administration (EIA) released US inventory data, showing a surprise build in crude stockpiles of 7.3 million barrels for the week to April 26, compared with a substantial
Oil Prices Plummet on US Inventory Build, Inflation
