Tag: U.S. inventories


  • Oil Prices Rise on US Inventory Draw, Venezuela in Focus

    Oil Prices Rise on US Inventory Draw, Venezuela in Focus

    Oil Prices Edge Higher After US Inventory Draw Oil prices traded higher on Thursday, snapping two days of declines, as a larger-than-expected draw in U.S. crude inventories provided buoyancy for traders. The market was also scanning developments in Venezuela, where political and economic factors could influence supply dynamics. Brent crude rose in early trading, seeking…