Oil falls from one-month high on OPEC+ supply plans, US fuel inventory surge - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 5 January 2022

Oil falls from one-month high on OPEC+ supply plans, US fuel inventory surge

Oil prices lost ground on Thursday, easing from their highest levels in more than a month as OPEC+ producers stuck to a plan to boost production and U.S. fuel stockpiles surged amid declining demand. The global benchmark Brent crude futures fell 87 cents, or 1.08%, to $79.93 a barrel, as of 0154 GMT. U.S. West Texas Intermediate (WTI) crude futures lost 62 cents, or 0.8%, to $77.23 a barrel.

from Commodities-Markets-Economic Times
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