Oil Prices Stuck in Range Amid Oversupply Worries

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Oil prices fluctuate as US production hits record high, Indian refiners buy Russian oil. Brent crude hovers around $62, WTI above $58. Despite negative news, Brent hasnt fallen below $62. API reports US crude inventories decreased, but fuel stockpiles increased. Crude oil in tight range since November, awaiting IEA, OPEC reports for market clarity.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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