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Home Energy

Oil up about 2% on big US crude storage draw, Middle East tension

by JordanWire Newsroom
October 18, 2023
in Energy
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Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing

Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford//File Photo Acquire Licensing Rights

  • US crude stocks down by bigger-than-expected 4.5 mln barrels
  • Iran calls for oil embargo on Israel
  • OPEC plans no immediate action on Iran’s call for oil embargo
  • Jordan cancels summit with U.S.,…



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