Oil Prices Waver as U.S. Stockpile Growth Meets OPEC+ Supply Cut Speculation Oil prices traded within a narrow range as the market balanced concerns over rising U.S. crude inventories with the anticipation that OPEC+ might prolong its supply reduction strategy. West Texas Intermediate (WTI) experienced a slight decrease, hovering around $78 per barrel, influenced by a broader risk-averse sentiment among traders. This reaction came after the Energy Information Administration reported a 4.2 million barrel increase in U.S. crude stockpiles last week, a figure that was less than half of what an industry report had previously estimated. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts McDonald's Faces Earnings Dip as Consumer Spending Tightens READ MORE U.S. Banks Face Dual Challenges: Weakening Loan Quality and Declining Interest Payments READ MORE Thursday's PCE Price Index Release to Shine a Spotlight on Inflation Trends READ MORE $10 Million Gold Smuggling Scheme Unveiled by Hong Kong Customs READ MORE Gold Holds Steady Near $2,300 as Markets Await Crucial Inflation Data READ MORE Add a Comment Cancel replyYour email address will not be published.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