U.S. Oil Inventory Decline Spurs Price Increase

Last Thursday marked a pivotal moment in the oil markets. U.S. oil stockpiles dwindled more significantly than expected, driving oil prices upward amidst a bustling travel season. On the New York Mercantile Exchange, West Texas Intermediate (WTI) for August delivery saw an increase of 0.72%, closing at $81.29 per barrel. Similarly, Brent crude for the […]