Reported 7 months ago
Oil prices maintained a two-day increase as industry data indicated a decline in US crude stockpiles. The American Petroleum Institute reported a 2.4 million barrel drop. The rise in prices follows plans by OPEC+ to increase output and the US projecting record production in 2024. Despite concerns about supply, the International Energy Agency's outlook and the Federal Reserve's interest-rate decision are awaited for further market direction.
Source: YAHOO