WTI Oil Price Exceeds $79 Today After US Reveals Crude Oil Stocks Fall Last Week. Contrary to analysts’ predictions Meanwhile, gasoline stocks fell more than expected. This shows an increase in market demand.
At 10:25 pm Thai time, West Texas crude oil price (WTI) for delivery in April. add $1.65 or 2.13% to $79.21/barrel.
The US Energy Information Administration (EIA) said US crude oil stocks fell by 1.5 million barrels last week. while analysts were expecting an increase of 900,000 barrels.
Gasoline stocks fell by 5.6 million barrels last week. while analysts were expecting a drop of 1.9 million barrels.
Oil prices were also boosted by Ukraine’s attack on Russian oil facilities. This can affect the amount of oil in the market.
#WTI #oil #price #surges #reveals #oil #stocks #falling
