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 Silver Poised for Major Breakout: Key Levels to Watch READ MORE Gold Edges Higher as Markets Price in 93% Chance of September Fed Rate Cut READ MORE Forbes: What To Expect From April’s CPI Report READ MORE Larry Fink Critiques India's Gold Obsession: Little Economic or Investor Benefit READ MORE U.S. Jobless Claims Hit 11-Month High Amid Labor Market Volatility READ MORE Add a Comment Cancel replyYour email address will not be published.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