Crude oil prices drop after U.S stockpiles surged higher
Brent crude prices dropped 0.51% to trade at $40.58 a barrel, after rising 2.5% on Wednesday.
Brent crude prices dropped 0.51% to trade at $40.58 a barrel, after rising 2.5% on Wednesday.
Brent crude was down by 0.17%, to $41.94 a barrel, after falling 1.5% on Monday.
Both Crude oil benchmarks dropped more than 2% with WTI sliding to its lowest.
Gulf Coast energy infrastructures were mostly spared the brunt of the damage
Crude oil markets are still trading unusually been less volatile this week
Also Brent crude soared by 0.4%, to trade at $44.07, heading for a weekly rise around 0.5%.
OPEC+ is lowering output by 9.7 million barrels per day (bpd) for a third month in July.