Skip to main content Skip to footer
American Petroleum Institute data showed that U.S. crude inventories fell by 4.6 million barrels last week
OPEC+ ready to move forward with scheduled output increase in May
West Texas Intermediate (WTI) crude futures lost 0.3 percent to $67.67 per barrel
The U.S. dollar index gained 0.15 percent to 104.01 on Friday, making crude more expensive for foreign buyers
Investors are cautious ahead of the Fed meeting, expecting rates to remain unchanged
Expectations of lower Russian oil supply in the near term provided some support to oil prices
Crude prices rose from three-year lows, aided by improving sentiment and a weaker dollar
Supply concerns in Russia boosted prices after Ukraine targeted a major oil refinery in Moscow
West Texas Intermediate crude futures fell by 0.8 percent to $65.15 a barrel
West Texas Intermediate crude futures saw a similar decline of 0.4 percent to $66.48 a barrel
Attention turns to February's nonfarm payrolls data for insights on the U.S. economy
Traders are concerned about U.S. tariffs and rising oil supplies from OPEC+ production increases
