U.S. Oil Inventories Increase Amid High Production

[ad_1]

Oct. 25, 2023 11:07 am ET

U.S. oil inventories rose by more than expected last week according to data released Wednesday by the Energy Information Administration, weakening already declining crude prices.

The Nymex front-month crude contract for December delivery was recently down 1% at $83 a barrel.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

[ad_2]

Source link