Oil Prices Dip Despite Bullish Demand Outlook ...Middle East

OILPRICE - Economy
Oil Prices Dip Despite Bullish Demand Outlook
source : OILPRICE ( Middle East ) () 53
Crude oil prices dipped today, despite expectations for strong demand following the U.S. Energy Information Administration’s latest inventory report that showed a more sizable draw than expected. At the time of writing, Brent crude was trading at $70.87 per barrel, with West Texas Intermediate at $67.55 per barrel, both down from Wednesday. The Energy Information Administration reported a crude oil stock build of 1.4 million barrels for the week to March 7, but that build was accompanied by a much more sizable decline in gasoline inventories,…

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