Oil prices rose as crude and gasoline inventories decreased, signaling increased demand.
Oil prices rose on Thursday as crude and gasoline inventories decreased, potentially signaling increased demand. Brent futures increased by 0.4% to $85.43 per barrel, while U.S. WTI crude rose by 0.5% to $82.47 per barrel. The decline in stock levels can be attributed to increased processing by US refineries, which may signal stronger demand for fuel.
July 11, 2024
6 Articles