Oil Prices Fall Due to Unexpected US Crude Stock Increase
Oil prices saw a downturn this week, as reports revealed a surprising rise in U.S. crude oil inventories, leading to doubts about the strength of demand during the summer travel season. On Wednesday, oil prices dropped, with a 1.2% fall to $79.76 per barrel and a 1.8% drop to $76.98 per barrel by 14:30 ET.
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