Oil prices fell today but were on track for a weekly rise due to concerns over supply disruptions in Russia. Meanwhile, the US’s commercial crude oil inventories increased by 4.6 million barrels to 432.5 million barrels in the week ending 14th February, while gasoline and distillate inventories fell last week as seasonal maintenance at refineries led to lower processing, according to data released by the Energy Information Administration. Brent Crude was trading down over 0.9 percent at 75 dollars and 78 cents per barrel, and WTI Crude also lost over 0.9 percent to trade at around 71 dollars and 76 cents per barrel when reports last came in.
Site Admin | February 21, 2025 5:47 PM
Oil Prices Dip but Head for Weekly Gain Amid Supply Concerns
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