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Reuters

Oil inches up after surprise drop in US crude stockpiles

Reuters
Summary
Nutrition label

80% Informative

Brent crude futures rose 45 cents , or 0.6% , to $ 74.67 a barrel by 0023 GMT , while U.S. West Texas Intermediate crude futures were at $ 70.84 a barrel.

Both crude benchmarks settled down on Wednesday , closing at their lowest levels since Oct. 2 .

The benchmarks are down 6-7% so far this week after the Organization of the Petroleum Exporting Countries and the International Energy Agency cut demand forecasts for 2024 and 2025 .

VR Score

92

Informative language

99

Neutral language

57

Article tone

formal

Language

English

Language complexity

42

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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