Oil Prices Steady Near Two-Month High on Significant U.S. Crude Drawdown Oil prices remained near a two-month high, with Brent crude holding above $86 a barrel, driven by reports of a significant drawdown in U.S. crude stockpiles. The American Petroleum Institute indicated a 9.2 million barrel decrease last week, potentially the largest since January if confirmed by official data. This year, oil prices have been bolstered by a positive sentiment in equity markets, concerns over an active hurricane season, and geopolitical risks, including tensions in the Middle East and upcoming elections in France, the UK, and Iran. However, concerns about weak U.S. gasoline demand persist. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Psychology of Inflation: Why Many Dispute Government Inflation Figures READ MORE China's Economic Woes Deepen as Deflation Takes Hold READ MORE Fed's Kashkari Opens Door to September Rate Cut Debate READ MORE Palladium Falls Below Platinum as Auto Industry Shifts Preferences READ MORE Oil Prices Waver as U.S. Stockpile Growth Meets OPEC+ Supply Cut Speculation READ MORE Add a Comment Cancel replyYour email address will not be published.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