Oil
U.S. crude oil stockpiles surge by 244,000 barrels, gasoline inventories plummet by 4.5 million: EIA
U.S. crude imports surged 1.14 million barrels daily, the highest increase since late 2024
U.S. crude oil inventories fell by about 4.6 million barrels last week, per API data
Reinforcing commitment to shareholder value
Trump criticized Fed Chair Powell, warning the U.S. economy could slow without immediate rate cuts
Markets remained nervous about aggressive U.S. tariffs and the ongoing trade war with China
Both benchmarks are on track for their first weekly rise in three weeks after recording their highest levels since April 3 on Wednesday
New S&P report highlights GCC banks' solid strategies in volatile markets
U.S. West Texas Intermediate crude fell by 16 cents, also down 0.3 percent, to $61.17
The IEA revised global oil demand up by 730,000 bpd, down from 1.03 million
Trump is considering changes to the 25 percent tariffs on foreign auto imports from various regions
Goldman Sachs expected oil prices to decline through 2026
