Oil Prices Climb as U.S. Reserves and Gasoline Stocks Fall

On Wednesday, July 10, 2024, the oil market experienced a notable uptick. This rise was largely due to an unexpected decrease in U.S. oil reserves, significantly beyond what was forecast. The Energy Information Administration detailed a reduction of 3.4 million barrels, overshooting the predicted 1.3 million barrel fall. Additionally, gasoline reserves dropped by 2 million […]