Oil Prices Continue to Drop as US Crude Stockpiles Surge Oil prices fell to near three-month lows as reports indicated rising US crude inventories, with Brent trading around $82 a barrel and West Texas Intermediate below $78. The American Petroleum Institute reported a 2.5 million barrel increase in stockpiles, contributing to market bearishness. The upcoming OPEC+ meeting will determine whether to extend supply curbs amid a contango market structure signaling increased supply. Despite geopolitical risks, such as recent drone strikes on Russian refineries, oil futures have weakened since mid-April. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Chinese Shops Disappear with Customers' Gold READ MORE Google Search for ‘Buy Gold’ Up 64% as Market Crashes READ MORE Gold Prices Rise Despite Weekly Downtrend as Fed Minutes Signal Caution READ MORE Singapore’s central bank MAS boosts gold reserves to nearly 200 tonnes READ MORE April CPI Report Shows Inflation Easing, But Consumer Prices Up 3.4% Year-Over-Year READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment