Oil prices retreat after U.S. inventories rise, market talk
WTI/Brent fell in early European trade after a prior rally eased, with MUFG noting the pullback followed signs the move became technically stretched. API data showed U.S. inventories rose by 7.1 million barrels.
Oil prices eased in early European trade after an earlier jump driven by rising supply concerns faded. MUFG's Soojin Kim said the pullback came after signs that the rally had become technically stretched. S. 1 million barrels.