Oil prices fell on Wednesday with investors bracing for key data on the U.S. oil supply and tensions in the Middle East eased after Saudi Arabia halted its military operation in Yemen. Brent crude for delivery in June fell 0.8% to $61.58 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, June-dated light, sweet crude futures fell 1.2% to $55.93. Late Tuesday, the American Petroleum Institute, an industry group, said its data showed a 5.5 million barrel increase in U.S. crude stockpiles last week. The U.S. Energy Information Administrations will release its official data later Wednesday and analysts surveyed by The Wall Street Journal expect the report to show that oil stockpiles rose by 2.8 million barrels. Last week’s data showed an increase of 1.3 million barrels. “Today’s report would likely either make or break the recent bullish momentum,” said Daniel Ang, […]