May 2, 2024 8:02 PM
Oil Prices Rebound on Speculation of US Strategic Reserve Replenishment Amidst Market Volatility
Oil prices rose today, bouncing back after three consecutive days of decline. This surge was driven by anticipation that the recent dip might prompt the United States, the largest consumer of crude globally, to initiate replenishment of its strategic reserve, thereby stabilizing prices. However, the...