Oil prices fell today, losing gains from the previous session after data showed an unexpected increase in US oil and fuel inventories, raising fuel demand concerns.
And by 07:50 Moscow time, global futures for Brent crude fell 0.91% to $79.39 a barrel, while futures for American West Texas Intermediate oil fell 1% to $74.35 a barrel.
U.S. crude inventories jumped by 14.87 million barrels in the week ended January 6, 2023, while analysts had expected a decline of 2.4 million barrels, according to the American Petroleum Institute.
Inventories of distillates, including heating oil and jet fuel, rose by about 1.1 million barrels.
Source: News
