Energy | May 16, 2024
Oil prices rise as crude inventories fall and U.S. inflation eases
Oil prices experienced an uptick on Thursday following a second consecutive week of declining U.S. crude stockpiles and signs of easing inflation. According to the Energy Information Administration, U.S. crude inventories fell by 2.5 million barrels last week, driven by increased refining activity, suggesting a possible rise in demand. In the energy markets, West Texas… Continue reading Oil prices rise as crude inventories fall and U.S. inflation eases