Big Oil Stocks Hammered After OPEC’s Move To Boost Output ...Middle East

OILPRICE - Economy
Big Oil Stocks Hammered After OPEC’s Move To Boost Output
source : OILPRICE ( Middle East ) () 54
Oil prices declined for the fourth consecutive day amid Trump’s tariff tantrum,  U.S. crude oil stocks posting a larger-than-expected build and worries about a looming return of more OPEC+ barrels to the market. Brent crude for May delivery fell 0.5% to $68.95 per barrel at 12.05 pm ET on Thursday, the lowest level in more than a year, while WTI crude sank 0.7% to change hands at $65.86 per barrel. U.S. crude stocks rose more than expected in the week ending February 28, while gasoline and distillate inventories fell, the Energy Information…

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