Oil Futures Consolidate After Receiving Boost from U.S. Inventory Data

Thursday, 7 March 2024, 12:18

Oil prices experienced a temporary surge on the heels of significant inventory drops in both gasoline and distillate. However, the markets witnessed a pullback as oil futures attempted to consolidate after initial enthusiasm.
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Oil Futures Consolidate After Receiving Boost from U.S. Inventory Data

Oil Prices Consolidate After Inventory Boost

Oil futures saw a surge following a considerable decrease in gasoline and distillate stockpiles. However, market dynamics led to a pullback as the optimism settled into a more stable price range.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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