Global Oil Prices Rise

Amman– Oil prices increased for the second consecutive day on Thursday, as a larger-than-expected drop in U.S. crude inventories raised concerns about supply.اضافة اعلان

According to Bloomberg, Brent crude futures rose by 30 cents, or 0.4%, to $82.33 per barrel.

U.S. West Texas Intermediate (WTI) crude futures climbed by 32 cents, or 0.4%, to $80.36 per barrel.

The price increase followed an announcement by the U.S. Energy Information Administration on Wednesday, reporting a decline in domestic crude inventories for the seventh consecutive week, marking the longest streak of declines since July 2021.