Reported 3 days ago
Oil prices increased following a report indicating a significant decrease in US commercial crude inventories, with Brent crude nearing $74 a barrel. The American Petroleum Institute reported a drop of 4.7 million barrels, potentially marking the fourth consecutive decline if confirmed. Prices have been supported by geopolitical tensions and expectations of tighter global inventories, despite weaker Chinese demand and strong production forecasts from non-OPEC+ nations.
Source: YAHOO