U.S. crude oil prices hit their lowest level since February due to concerns over OPEC's decision to unwind production cuts, but the move could assist President Biden's re-election effort.
Crude oil futures hit their lowest levels since February as OPEC+ plans to phase out voluntary cuts, prompting concerns about oil prices and weakening demand growth.
EIA: U.S. crude stocks fall, fuel inventories climb as refining picks up hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.
By Anthony Harrup U.S. crude oil inventories are expected to have decreased last week, with refineries raising capacity use for a fourth straight week, according to a survey by The Wall Street.
US natgas price spike prompts drillers to return to wellpad in May | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.