TODAY CRUDE OIL LATEST NEWS UPDATED BY POWERCOMMODITY

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Yashika Diwan

Oil prices fell on Thursday in Asia as data showed crude inventories grew more than expected in the week to April 5.

U.S. Crude Oil WTI Futures fell 0.5% to $64.28 by 12:40 AM ET (04:40 GMT). International Brent Oil Futures was down 0.4% to $71.43.

The U.S. Energy Information Administration (EIA) said crude inventories grew by 7.03 million barrels in the week to April 5 compared with forecasts for a stockpile draw of 2.3 million barrels. It was a third-straight week of crude builds, with about 17 million additional barrels adding to inventories since the week ended March 22.

But the EIA report also showed that gasoline inventories plunged by 7.71 million barrels, compared with expectations for a draw of 2.01 million barrels.

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