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US inventories News

Egypt's New Oil Reserves Discovery Causes 1% Drop in Crude Oil Prices

Michael Lee 30 Jan, 2025

Crude oil prices dropped by 1% following Egypt's announcement of discovering new oil reserves in the Gulf of Suez. The US also reported an increase in crude oil inventories, contri...

Market

US Oil Prices Surge Over 1% Following Significant Drop in Crude Inventories

Christopher Adams 10 Jan, 2025

Crude oil prices rose over 1% after a report showed a significant drop in US inventories and President-elect Trump's pledge to reverse the offshore drilling ban, impacting market d...