CRUDE OIL NEWS:-

Oil prices were down on Wednesday in Asia as rising crude inventories outweighed reports that the U.S. delayed tariffs on certain Chinese goods.

U.S. Crude Oil WTI Futures were down 1.3% to $56.38 , International Brent Oil Futures lost 1.1% to $60.64.

Weekly data from the American Petroleum Institute showed U.S. crude stocks unexpectedly rose by 3.7 million barrels to 443 million last week, compared with analyst expectations for a decrease of 2.8 million barrels.