💨 Abstract

Oil prices fell on Thursday due to large builds in U.S. fuel inventories, but concerns over tighter supplies from OPEC members and Russia limited the decline. Brent crude and West Texas Intermediate futures both dropped by about 0.4% following a 1% loss the previous day. The increase in U.S. gasoline and distillate stockpiles weighed on prices, but the downside was limited due to the winter demand season.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖