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Drop in weekly demand for gasoline
- Oil prices settled lower on Wednesday, with pressure from U.S. data showing a drop in weekly demand for gasoline outweighing support from the first drop in commercial crude supplies in five weeks. Crude prices also declined as traders continued to monitor developments in the Middle East for any potential impacts on global oil supplies.
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Why did oil prices drop more than $5 on Wednesday?
Why did oil prices drop 5 a barrel?
What happened to crude oil prices?
Are crude oil prices reversing?
Apr 24, 2024 · Oil prices fell on Wednesday as worries over conflict in the Middle East eased and business activity in the United States slowed, although a fall in U.S. crude oil inventories put a...
- Nicole Jao
Oct 4, 2023 · Oil prices plunged by more than $5 a barrel on Wednesday over concerns that sharp increases in borrowing costs caused by higher interest rates could dent economic growth.
- Jamie Smyth
Feb 14, 2024 · Oil futures sank by $1 a barrel on Wednesday as surging U.S. crude inventories pushed down prices and a possible security threat to the U.S. that might dampen oil demand in the world's...
May 1, 2024 · Oil futures fell for a third straight session on Wednesday, settling at their lowest level since mid-March, after official U.S. data revealed an unexpected weekly rise of more than 7 million...
Oct 4, 2023 · Oil prices settled down more than $5 on Wednesday as fuel demand destruction and a bleaker macroeconomic picture took centre stage in the day's trade.
Apr 24, 2024 · Oil prices settled lower on Wednesday, with pressure from U.S. data showing a drop in weekly demand for gasoline outweighing support from the first drop in commercial crude supplies in five...
Oct 4, 2023 · Bob Henderson. , Reporter. Crude oil prices have reversed course, after hitting their highs of the year last week. Front-month futures on West Texas Intermediate crude, the U.S. pricing benchmark,...
