💨 Abstract

Oil prices dropped on Thursday, despite a larger-than-expected draw in U.S. gasoline stocks, due to macroeconomic concerns, particularly trade tensions and U.S. recession fears. The decline came after a 2% rally in the previous session, driven by tightening oil and fuel inventories in the U.S. However, firm near-term demand and robust U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖