American Petroleum Inst. estimates fall of 3.67 million barrels of US crude oil, exceeding expectation of 2.63 million-barrel drop.
oil prices
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Investors to focus on whether major oil producers will change output policy amid global energy crisis at Thursday’s OPEC+ meeting.
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Supply halts in US after Hurricane Ida continues to push prices up although demand woes after Saudi price cut axes further rises
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Further price declines are limited by supply disruptions in US after Hurricane Ida