Surprise crude inventory build sends oil prices down
July 27, 2021 (Monday)
BREAKING NEWS - Oil Price Slipped
The price of a WTI barrel had risen more than 50% so far this year, but slipped on Monday as OPEC+ agreed to ramp up production by 400,000 bpd while fears that a surge in the Delta variant of the coronavirus threatens oil demand prospects.
Oil prices had rebounded 1.4% on Tuesday afternoon in the runup to the data release, after sinking nearly 7% on Monday.
Link for information
https://oilprice.com/Latest-Energy-News/World-News/Surprise-Crude-Inventory-Build-Sends-Oil-Prices-Down.html?fbclid=IwAR1NlPsbtWB4VxED6ib633F5RVGauPBqlCB9j9xjqCVcVcgVqfFUi675UD4
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27 Jul 2021
