Reported about 16 hours ago
Oil prices fell for a second consecutive day as U.S. fuel inventories increased significantly, with Brent crude dropping to $76.08 and West Texas Intermediate to $73.21. While gasoline stocks rose unexpectedly by 6.3 million barrels, distillate inventories also increased, leading to concerns about supply. However, expectations for heightened winter fuel demand and rising global oil demand, driven by colder weather and upcoming Lunar New Year travel in China, are keeping the decline limited.
Source: YAHOO