💨 Abstract

Oil prices increased on Thursday due to unexpected large draws in U.S. fuel stocks. Brent crude futures rose by 0.5% to $72.70 per barrel, and U.S. West Texas Intermediate crude futures increased by 0.7% to $68.93. gasoline stocks dropped by 4.4 million barrels last week, while distillate stockpiles fell by 1.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖