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Oil Moves Down on Crude Inventory Build

OilPrice.com Wednesday, 17 April 2024 ()
Crude oil prices moved lower today after the Energy Information Administration reported an inventory increase of 2.7 million barrels for the week to April 12. This compared with a significant build of 5.8 million barrels for the previous week and an estimated 4-million-barrel build for the week to April 12 as reported by the American Petroleum Institute on Tuesday. At the same time, the EIA reported declines in gasoline and middle distillates, which at the time of writing had not changed the direction of oil prices.…
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News video: Israel Strikes Iran: Oil prices rise by over 4 per cent after reports of Israeli strikes | Oneindia

Israel Strikes Iran: Oil prices rise by over 4 per cent after reports of Israeli strikes | Oneindia 02:09

Oil prices surged by more than four percent on Friday following Israel's missile strikes on Iran, amplifying concerns of heightened tensions in the West Asia region. The global benchmark, Brent crude, soared to $90.54 per barrel, while US West Texas Intermediate (WTI) crude futures spiked by 4.06...

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