CRUDE OIL LIVE NEWS UPDATED BY ROYAL TRADERS

Oil costs fall on more fragile interest development, shock gain in US rough stocks

Oil costs fell almost 2% on Wednesday, burdened by a flimsier interest viewpoint and an ascent in U.S. unrefined inventories in spite of developing desires for progressing OPEC-drove supply cuts.

Brent rough fates, the universal benchmark at oil costs, were down $1.16, or 1.86%, at $61.13 a barrel by 0616 GMT.

U.S. West Texas Intermediate (WTI) rough fates were down $1.04, or 1.95%, at $52.23 per barrel.

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