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Crude oil prices drop 5% in 2 sessions on sharp rise in US inventories

Brent crude drops by 3% to hit a seven-week low of $83.29 per barrel in previous sessions due to rising US stockpiles, while WTI crude falls below $79. Both ended their winning streak in April with declines. EIA reports unexpected increase in US crude stockpiles and production in February.

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Brent oil futures above $89 a barrel as supply risks intensify

Prices jumped higher on Tuesday after a fresh round of Ukrainian drone attacks on Russian refineries threatened to take even more of the country's processing capacity offline.

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Oil prices rise on heightened supply concerns, brent crude at $86.48/bbl

Both Brent and WTI benchmarks have exhibited steady growth throughout the year, with Brent soaring nearly 11% and WTI around 12.5% by the close of trading on Friday.

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Oil drops as sticky US inflation heightens demand concerns

Oil drops as sticky US inflation heightens demand concerns
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Oil prices record weekly drops amid financial signs, geopolitical factors

Oil prices record weekly drops amid financial signs, geopolitical factors
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