WTI Bounces Off OPEC+ Lows As Biden Admin Draws SPR Down For 4th Straight Week
April 26, 2023 at 10:38 AM EDT
Oil prices are extending losses once again as weak durable goods (under the hood) and growing banking crisis fears prompted WTI to erase all of the post-OPEC+ production-cut gains. “Concerns about the outlook for demand seem to be the main culprit” for lower prices in recent days, and are countering the effects of lower OPEC+ […] Source