
Oil prices plunge as U.S. crude inventories surge and OPEC surprises with output boost
Oil prices plunge as U.S. crude inventories surge and OPEC surprises with output boost Oil prices plummeted by 6.6% for West Texas Intermediate (WTI) and 6.4% for Brent, the largest drop since July 2022. U.S. crude inventories increased by 2.62 million …