Reported 27 days ago
Oil prices have increased as an industry report reveals a notable decline in US crude stockpiles, with Brent oil surpassing $73 a barrel. The American Petroleum Institute reported a drop of 4.6 million barrels in US inventories, which would mark the largest decrease since November if confirmed by official data. The potential Russia-Ukraine ceasefire also influences market dynamics, while tariffs and sanctions from the US continue to create volatility in the oil market.
Source: YAHOO