Oil Settles Up Over 1% on Large Draw From US Crude Stocks

Summary • US crude oil stocks fell 4.2 million barrels last week, EIA says • Analysts polled by Reuters expected 1.9 million-barrel draw • Stimulus measures lift optimism over Chinese economy • Rising Russia-Ukraine tensions raise fears of supply shocks in 2025(Reuters) – Oil prices settled more than 1% higher on Friday and recorded a … Read more