The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
* U.S. oil stocks rise by 8.6 mln barrels - API
Attacks on tankers, Saudi oil infrastructure help prices
* U.S. oil output, inventories: https://tmsnrt.rs/2WhrAut (Updates prices, adds IEA demand forecast)
By Ahmad Ghaddar
LONDON, May 15 (Reuters) - Oil fell on Wednesday after data showed a surprise rise in U.S. crude inventories and the U.S.-Chinese trade dispute threatened demand, although Middle East tensions capped losses.
Brent crude futures were at $70.79 a barrel at 1155 GMT, down 45 cents. U.S. West Texas Intermediate (WTI) crude futures were at $61.15 per barrel, down 63 cents.
U.S. crude stockpiles rose last week by 8.6 million barrels in the week to May 10 to 477.8 million, data from industry group the American Petroleum Institute showed on Tuesday.
This compared with analyst expectations for a decrease of 800,000 barrels.
Official data on stocks from the U.S. Energy Department's Energy Information Administration (EIA) will be released later on Wednesday.
U.S. President Donald Trump on Tuesday called the trade war with China "a little squabble" and insisted talks between the world's two largest economies had not collapsed.
Oil prices have drawn support after Saudi Arabia said on Tuesday that armed drones struck two of its oil pumping stations, two days after the sabotage of oil tankers near the United Arab Emirates.
"Given that nearly one-third of global oil production and nearly all of global spare capacity are in the Middle East, the oil market is very sensitive to any attacks on oil infrastructure in this region," Swiss bank UBS said, adding it expected Brent prices to rise toward $75 in coming weeks.
The attacks took place against a backdrop of U.S.-Iranian tension following Washington's decision this month to try to cut Iran's oil exports to zero and to beef up its military presence in the Gulf in response to what it said were Iranian threats.
The U.S. military said it was braced for "possibly imminent threats to U.S. forces in Iraq" from Iran-backed forces.
Meanwhile, the Organization of the Petroleum Exporting Countries said on that world demand for its oil would be higher than expected this year as supply growth from rivals including U.S. shale producers slows. That points to a tighter market if the exporter group refrains from raising output.
The International Energy Agency said the world would require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela.
The agency also revised its forecast for growth in 2019 global oil demand 90,000 bpd lower to 1.3 million bpd. It said 2018 demand growth had been estimated at 1.2 million bpd.
(Additional reporting by Aaron Sheldrick in TOKYO and Colin Packham in SYDNEY; Editing by Alexander Smith)