Oil prices sank about one per cent Wednesday after a United States government data showed that the country’s crude stocks unexpectedly rose last week as exports slowed due to a chemical spill at the country’s busiest energy port.
Crude stocks at the Cushing, Oklahoma, a delivery hub, rose by 541,000 barrels and exports fell 506,000 barrels per day, the EIA said. Washington had in January recognised opposition leader, Juan Guaidó – who is the leader of the country’s National Assembly – as the rightful head of state.
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