Oil Prices Climb as US Stockpiles Shrink and OPEC+ Holds Firm
Oil prices rose over 1.4% as a significant drop in crude inventories at the key Cushing, Oklahoma hub signaled a tightening U.S. physical market.
#Oil Prices#Commodities#OPEC
#Energy Markets
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US Crude Oil Inventories See Minor Decline After Major Draw
U.S. crude oil inventories fell by 600,000 barrels, a modest decline after the prior week's large draw, bringing stockpiles 4% below the seasonal average.
#Crude Oil#EIA Report#Energy Markets
US Oil Giants Pivot to LNG Trading to Compete with Europeans
U.S. energy giants ExxonMobil and Chevron are aggressively expanding into liquefied natural gas (LNG) trading, aiming to compete with European leaders like Shell.
#LNG#ExxonMobil#Chevron