Oil Falls Amid Rise In Reserves, China Is Creating A Blockade On Taiwan
August 04, 2022 at 08:16 AM EDT
Crude oil inventories unexpectedly rose by 4.5 million barrels last week, compared to analysts' forecast of 600,000 barrels. The OPEC+ group said it would raise its oil production target by just 100,000 BPD. Oil prices decreased by 3% on the data.
