Just yesterday, affordable, cheap motor fuel became more expensive again as U.S. crude inventories dwindled faster than expected and wildfires in Canada raised supply risks. Refueling. Illustrative photo. Photo: Shutterstock
Just yesterday, affordable, cheap motor fuel became more expensive again as U.S. crude inventories dwindled faster than expected and wildfires in Canada raised supply risks.
Translation: Sergey Svetlov
Oil prices rose on Wednesday, July 24, following the release of US industry data that showed a deeper decline in the country's oil inventories, indicating strong demand from the world's largest consumer. Brent crude futures rose 1.2% to $77.89 a barrel, while West Texas Intermediate (WTI) crude futures rose 1% to $81.80 a barrel.