Oil futures settled lower Thursday, pressured after official U.S. data showed what at least one analyst referred to as a “massive” weekly rise in domestic gasoline and distillate supplies. Prices shook off their earlier support from the shutdown of Libya’s largest oil field and rising tensions around the Israel-Hamas war.
Price action
Supply data
Crude prices ended lower Thursday as official U.S. data showed sharp weekly gains in petroleum-product supplies, raising concerns about fuel demand.
Supply…
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