Oil Prices Waver as U.S. Stockpile Growth Meets OPEC+ Supply Cut Speculation Oil prices traded within a narrow range as the market balanced concerns over rising U.S. crude inventories with the anticipation that OPEC+ might prolong its supply reduction strategy. West Texas Intermediate (WTI) experienced a slight decrease, hovering around $78 per barrel, influenced by a broader risk-averse sentiment among traders. This reaction came after the Energy Information Administration reported a 4.2 million barrel increase in U.S. crude stockpiles last week, a figure that was less than half of what an industry report had previously estimated. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Office Market Faces Major Glut, Warns BrookfieldExecutive READ MORE Larry Fink joins Jamie Dimon and Jerome Powell is sounding the alarm on ‘snowballing’ national debt: ‘The situation is more urgent than I can ever remember’ READ MORE The Risks of Gold and Silver ETF's vs. Physical Metals READ MORE Markets underestimate risk of inflation re-accelerating, says PIMCO READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
