💨 Abstract

Oil prices decreased on Thursday due to increased fuel inventories in the U.S., but were limited by expectations of winter fuel demand and concerns over tighter supply. Brent crude fell 8 cents to $76.08 a barrel and U.S. West Texas Intermediate dropped 11 cents to $73.21. Analysts predict oil demand for January to grow, driven by increased use of heating fuels in the Northern Hemisphere.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖