US crude & gasoline inventories surge, international crude oil prices plummet
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Update time : 2025-02-06 16:48:23
The significant increase in US crude oil and gasoline inventories indicated weakening demand. Concerns over a new US-China trade war have intensified market worries about slow economic growth. International crude oil prices fell on February 5.
West Texas Intermediate (WTI) crude for March delivery decreased by US$1.67 (2.3%), reaching US$71.03/barrel on the New York Mercantile Exchange. Brent crude for April delivery fell by US$1.59 (2.09%), settling at US$74.61/barrel.
