Oil settle lower despite record US crude stock drawdown

Name: Oil settle lower despite record US crude stock drawdown
Uploaded: 2023-08-03
Description: Oil prices settle down 2% despite historic drop in US crude stocks, influenced by government credit downgrade. US crude inventories fell by record 17M barrels, driven by refinery runs and strong exports. Traders react as US crude futures settle at $79.49 a barrel and Brent crude futures at $83.20.

Oil prices settle down 2% despite historic drop in US crude stocks, influenced by government credit downgrade. US crude inventories fell by record 17M barrels, driven by refinery runs and strong exports. Traders react as US crude futures settle at $79.49 a barrel and Brent crude futures at $83.20.

03/08/2023 03:12 MYT

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