By Kanchan Joshi | 09 Feb, 2022
Oil edges higher after report points to falling US stockpiles
Oil edged higher after a two-day decline as an industry report pointed to shrinking U.S. crude and gasoline stockpiles. Futures in New York inched toward $90 a barrel after falling 3.2% over the past two sessions. The American Petroleum Institute reported another drop at the key storage hub of Cushing, while signaling that nationwide inventories shrunk by 2 million barrels, according to people fa...
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