Shame UKOG have nothing significant2 Aug 2023 07:59
WTI crude futures jumped more than 1% to above $82 per barrel on Wednesday, hitting the highest levels in over three months after an industry report showed that US crude inventories declined by 15.4 million barrels last week. The latest figure far exceeded market expectations for a 1.37 million barrel draw, and if confirmed by official data due later on Wednesday, it would mark the largest drop in US crude inventories in over four decades. Oil prices have also been rallying since late June as Saudi Arabia’s voluntary output cuts tightened global supply.