SINGAPORE: Another surge in US stockpiles pushed oil prices lower again on Thursday, giving up some of the big gains in New York that came after the Federal Reserve cooled the chances of an early summer interest rate hike.
US benchmark West Texas Intermediate (WTI) for April delivery was down $1.11 to $43.55 while Brent crude for May tumbled 78 cents to $55.13 in afternoon trade.
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