
Crude oil futures rise as EIA forecasts drop in global inventories
Crude oil futures traded higher on Wednesday morning after US EIA’s (Energy Information Administration) monthly report forecasted a decline in global inventories during the first half of 2025. At 9.56 am on Wednesday, May Brent oil futures were at $70.08, up by 0.75 per cent, and April crude oil futures on WTI (West Texas Intermediate)...
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