07 Aug 2024
The uptick in prices is underpinned by a notable decline in global oil inventories, which decreased by approximately 400,000 barrels per day in the first half of the year, according to the US Energy Information Administration (EIA).
06 Aug 2024
06 Aug 2024
06 Aug 2024
05 Aug 2024
05 Aug 2024
05 Aug 2024
The decline in oil prices deepened after US payrolls data for July missed expectations, adding to concerns about economic growth and energy demand. Meanwhile, weak factory activities in China further dampened the sentiment.
