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. National Debt Soars to Dizzying Heights, Joining Global Debt Pile-Up READ MORE Central banks bolster gold reserves further in February, albeit at a slower pace READ MORE Currency Watch: Dollar Rises, Eyes Set on Upcoming U.S. Inflation Insights READ MORE China’s gold market in March: official gold reserves rose further, wholesale demand fell slightly READ MORE ZeroHedge: Yield-Curve Bear-Steepening Spells Trouble For Markets READ MORE Add a Comment Cancel replyYour email address will not be published.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
