US oil inventories decreased by about 4 million barrels
Economy
- 24-07-2024, 20:41
Followed by-INA
US oil inventories data recorded a huge decline of about 4 million barrels, while expectations were that the around a decline of only 2.6 thousand barrels.
Data from the US Energy Information Administration revealed a decrease in oil inventories by 3.741 million barrels, compared to expectations of a decrease of about 2.6 million barrels, while the previous reading recorded a decrease of 4.870 million barrels.
Meanwhile, Brent crude has now jumped by about 0.8% to $81.60 per barrel, while West Texas crude is rising by about 1% to $77.7 per barrel.
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