Brent drops below $85 threshold as stockpiles accumulate

02.02.2023

Oil prices settled lower on Wednesday after sliding more than $3 a barrel in the session after U.S. government data showed big builds in crude oil, gasoline and distillate inventories and OPEC and its allies stuck to their output policy.

Brent crude futures settled down $2.62, or 3.1%, at $82.84 a...