gasoline inventories

Oil prices jump 3% on bigger-than-expected decline in US crude storage – Times of India

by

[ad_1] NEW YORK: Oil prices climbed about 3% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, offsetting worries that further interest rate hikes could slow economic growth and reduce global oil demand. Brent futures rose $1.77, or 2.5%, to settle at $74.03 a barrel. U.S. West Texas … Read more

Oil Pices Extend Losses after Fed Rate Hike and Economic Concerns

by

[ad_1] Last Updated: May 04, 2023, 00:50 IST A day earlier, both benchmarks fell 5%, their biggest daily percentage declines since early January. (Image: Reuters File) U.S. West Texas Intermediate crude (WTI) fell $3.06, or 4.3%, to $68.60. WTI’s session low was $67.95 a barrel, lowest since March 24 Oil prices fell 4% on Wednesday, … Read more