Oil Slips Over US’ Crude Sup­ply De­cline

The Economic Times - - Commodities Plus -

Oil slipped amid spec­u­la­tion that an un­ex­pected US crude sup­ply de­cline won’t be fol­lowed by ad­di­tional drops. Fu­tures slipped as much as 2.3% in New York. In­ven­to­ries slid by 4.94 mil­lion bar­rels last week as im­ports fell, ac­cord­ing to an Energy In­for­ma­tion Ad­min­is­tra­tion re­port.

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