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Oil Updates -- crude eases after report of rising US inventories

image sourced from original article at https://www.arabnews.com/node/2590925/business-economy

Oil prices edged lower on Thursday after a report showed a build in US crude stockpiles, dampening sentiment. Concerns over supply disruptions in Russia had previously boosted prices. US crude stocks rose by 3.34 million barrels last week, according to market sources. Import tariffs announced by the Trump administration and concerns about European and Chinese demand were also contributing to the downward pressure on prices.

Original article source: https://www.arabnews.com/node/2590925/business-economy
Source Id: 8556252291

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