US crude oil inventories News

Egypt's New Oil Discovery Shakes Market: Crude Prices Dip by 1%

Egypt confirms discovery of 8 million barrels of oil reserves in the Gulf of Suez, causing a 1% drop in crude oil prices. The US also reports a significant increase in crude oil in...

Global Oil Prices Dip by 1% Following Egypt's Announcement of New Oil Reserves Discovery

Egypt's discovery of new oil reserves and a rise in US crude oil inventories have led to a 1% drop in global oil prices, with significant implications for the market.

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

Crude oil prices fell by 1% after Egypt announced the discovery of 8 million barrels of oil reserves. The US also reported an increase in crude oil inventories, adding complexity t...