Oil prices fall on U.S. stimulus impasse, rising U.S. crude stockpiles
Oil prices fell on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy and on a larger-than-expected increase in U.S. crude inventories
U.S. West Texas Intermediate (WTI) crude oil futures declined 42 cents, or 1%, to $40.25 a barrel by 0648 GMT while Brent crude futures fell 30 cents, or 0.7%, to $42.35 a barrel. Source: Reuters