Early results of the US elections and a bearish inventory report caused oil prices to decline in early Asian trade, despite ongoing concerns about potential supply disruptions in the Middle East.
Cushing inventories—the benchmark crude stored and traded at the key delivery point for U.S. futures contracts in Cushing, Oklahoma—rose by 1.724 million barrels, according to API data, after rising ...
Crude oil futures are rising Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday extended their output cuts by one month. Saudi Arabia and other ...
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