Oil Falls on Larger-Than-Expected Build in U.S. Inventories — Market Talk

Oil is lower in early Asian trade. Brent recovered above $100 per barrel as hopes of a near-term reopening of the Strait of Hormuz faded. However, gains were capped after a surprise build in U.S. crude oil inventories, said ANZ Research analysts in a note. Data released Wednesday by the U.S. Energy…