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 Higher Inflation Challenges South Africa's Economic Stability READ MORE Gold: Yet another investment bank ups the ante as political pressures increase READ MORE Why Buy Gold? 11 Reasons to Invest in Physical Gold Bullion READ MORE Warm Winter Weather Dips Oil Prices Despite OPEC+ Cut Extension READ MORE European Central Bank should cut in June to avoid falling behind inflation curve, policymaker says READ MORE Add a Comment Cancel replyYour email address will not be published.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
