Oil & Gas

Oil prices down amid growing stocks

Crude futures are still caught between larger-than-expected growth in U.S. crude inventories and reports that the Organization of the Petroleum Exporting Countries (OPEC) could consider extending its output reductions beyond the agreed six-month period.
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Oil prices down on EIA data

onflicting price drivers of OPEC's cuts and rising U.S. inventories are still preventing oil prices from reaching steadiness and stability. U.S. inventories remain bloated and supplies high dragging the prices down, while efforts of OPEC in tandem with other major producers prevent the market from slumping further.
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