Brent Crude Falls Below $80

Brent Crude Falls Below $80

OilPrice.com

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The U.S. crude oil benchmark, WTI reversed gains from earlier this week on Wednesday, responding to an unexpected build in U.S. crude stockpiles after a series of drawdowns, and as an Iranian attack on Israel appears to have been temporarily shelved for leverage.  At 3:03 p.m. ET, Brent crude was trading down 0.90%, just below the $80 mark, while WTI was trading down 1.44% at $77.22. The Energy Information Administration (EIA) earlier on Wednesday released its weekly inventory report, showing a 1.4-billion-barrel increase in stockpiles for…

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