Oil prices on track for back-to-back declines after jump in crude inventories
Oil futures fell early Thursday, on track for back-to-back declines after data showing a sharp rise in U.S. crude inventories the previous session.
Traders said Middle East tensions could limit the potential for further downside, while the International Energy Agency stuck to its forecast for a sharp slowdown in oil-demand growth this year.
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Disclosure: This article is for informational and educational purposes only and is not financial advice. Always do your own research and consider speaking with a licensed financial professional.
