West Texas Intermediate (WTI) prices settled lower amid a jump in US crude supplies
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West Texas Intermediate (WTI) prices experienced a sharp decline on Wednesday, influenced by a much larger-than-expected weekly build in U.S. inventories. Official U.S. inventory data from the Energy Information Administration revealed a 2.7 million barrel increase in weekly crude stockpiles, surpassing economists' forecasts of 1.6 million barrels.
West Texas Intermediate (WTI) prices settled lower amid a jump in US crude supplies
West Texas Intermediate (WTI) prices settled…
West Texas Intermediate (WTI) prices settled lower amid a jump in US crude supplies
West Texas Intermediate (WTI) prices experienced a sharp decline on Wednesday, influenced by a much larger-than-expected weekly build in U.S. inventories. Official U.S. inventory data from the Energy Information Administration revealed a 2.7 million barrel increase in weekly crude stockpiles, surpassing economists' forecasts of 1.6 million barrels.