Oil Retreats from 2018 Highs Above $70 a Barrel
Oil fell on Wednesday as investors took profit on a rally the day before to this year’s highs after a report showed a surprisingly large increase in U.S. crude inventories.
June Brent crude futures LCOc2 were last down 27 cents on the day at $69.19 barrel by 1135 GMT, while the May contract LCOc1, which expires on Thursday, was down 16 cents at $69.95. WTI futures CLc1 fell 40 cents to $64.85 a barrel.