Reported 3 days ago
Oil prices have maintained gains following a substantial decrease in US crude stockpiles, which fell by 6 million barrels last week—marking the largest decline since mid-June. Brent crude is trading at around $67 per barrel while West Texas Intermediate is at $63, despite ongoing concerns about trade policies and increased production from OPEC+. Gasoline inventories also saw a drop for the fifth consecutive week as traders monitor developments in the Ukraine conflict and the effects of sanctions on Russian oil exports.
Source: YAHOO