Futures Movers: Oil prices pare gains after a 4th straight weekly rise in U.S. supplies

by | Jan 19, 2023 | Stock Market

Oil futures pared some of their early Thursday gains after U.S. government data revealed a more than 8 million-barrel weekly rise in U.S. crude inventories, marking a fourth supply increase in a row, but expectations for higher oil demand from China continued to support prices. Price action
West Texas Intermediate crude for February delivery
CL00,
+1.48%

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