Oil prices fell today, ending their gaining streak, after industry body data indicated a rise in US crude inventories. The traders also weighed the hawkish remarks from Fed Chair Jerome Powell that signalled slower rate cuts this year. Brent crude was trading over 0.8 percent down at 76 dollars and 35 cents per barrel, and WTI crude lost over one percent to trade at around 72 dollars and 54 cents per barrel when reports last came in.
Site Admin | February 12, 2025 6:34 PM
Oil Prices Dip as US Crude Stocks Rise
