Oil prices took to split paths early Wednesday, with U.S.-priced crude lower after a snapshot of production data revealed a U.S. inventory build. But the international benchmark Brent maintained modest gains, to build on a strong April showing.
“WTI oil futures are under pressure on signs of a sharp increase in U.S crude inventories and concerns over global demand,” said Dean Popplewell, vice president of market analysis with Oanda.
