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US crude inventories rise by 5.3M barrels, more than expected
Brent crude steadied around $62 a barrel on Wednesday, drawing support from a weakened dollar despite concerns of a global supply glut after industry data showed a build in U.S. crude inventories for the 15th straight week. Brent for June delivery was up 14 cents at $62.22 a barrel by 10:28 a.m. EDT (1428 GMT). U.S. crude for June delivery was 49 cents lower at $56.12 a barrel. The dollar was down 0.28 percent against a basket of currencies making dollar-backed commodities, like crude oil, more attractive for holders of other currencies. Read More50% chance of lifting oil export ban this year: Pioneer CEO "It's been ... (full story)
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