# Oil prices fall on surprise US stocks rise, Russia supply comments | The Straits Times

> Oil prices fell after an unexpected rise in U.S. crude inventories and comments from Rosneft's head questioning the OPEC supply deal. Brent and WTI both traded lower in early Asian trade.

- Date: 2019-06-05 · published 2019-06-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11594-oil-prices-fall-on-surprise-us-stocks-rise-russia-supply-comments-the-straits
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker crude prices reduce energy and biofuel input costs, and questions about OPEC supply discipline point to a more bearish energy outlook for feed-linked commodities.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- straitstimes.com: https://www.straitstimes.com/business/companies-markets/oil-prices-fall-on-surprise-us-stocks-rise-russia-supply-comments

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.