# Oil prices fall, shrugging off US inventory drop, amid G20 uncertainty - The HinduBusinessLine

> Oil fell on June 27 despite a US crude inventory draw, with Brent down 19 cents to $66.30 and WTI down to $59.19. Traders were awaiting the G20 summit in Japan and an OPEC+ meeting on extending output cuts.

- Date: 2019-06-27 · published 2019-06-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/58754-oil-prices-fall-shrugging-off-us-inventory-drop-amid-g20-uncertainty-the
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Doubts about a US-China trade breakthrough and nervousness over output cuts are capping crude prices, which feed into diesel and freight costs for feed producers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/oil-prices-fall-shrugging-off-us-inventory-drop-amid-g20-uncertainty/article28162993.ece

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