Oil Falls After US Stockpiles Climb, Middle East Tensions in Focus

Oil Falls After US Stockpiles Climb, Middle East Tensions in Focus
An aerial view shows Shibushi National Petroleum Stockpiling Base in Kagoshima prefecture, Japan, on Jan. 18, 2019. Kyodo/via Reuters
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LONDON—Oil prices fell on Thursday after a rise in U.S. crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped on fears of a broader conflict in the Middle East.

Brent crude futures declined by 80 cents, or 0.9 percent, to $89.33 a barrel at 1010 GMT. U.S. West Texas Intermediate crude futures eased 91 cents, or 1.1 percent, to $84.48 a barrel.