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US Crude Oil Stocks Tumble to Lowest Level in Eight Years

Washington: Crude oil inventories in the United States recorded their lowest level since 2018 in the week ending June 26, amid increased demand from domestic refineries, while gasoline inventories also tumbled ahead of the Jul. 4 weekend holiday, said…

Oil Heads for Biggest Quarterly Loss Since 2020

Doha: Oil prices are on track to post their steepest quarterly decline since the early stages of the COVID-19 pandemic in 2020. The August Brent crude futures contract, which expires on Tuesday, settled down 23 cents, or 0.3 percent, at $72.92 a barre…