💨 Abstract

Oil prices dropped 2% on Wednesday due to a buildup in U.S. crude and gasoline stockpiles, signaling weaker demand, and trade war fears between the U.S. and China, which could impact global economic growth. The EIA reported a sharp rise in U.S. crude oil inventories last week due to soft gasoline demand, causing refiners to do maintenance work. China's announcement of tariffs on U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖