Oil Back to Prewar Levels on Optimism Over Persian Gulf Supply Recovery
Oil prices fell back to prewar levels as tanker traffic resumes through the Strait of Hormuz, raising hopes for a relatively quick recovery in Persian Gulf supplies.
U.S. Crude Oil Inventories Fall, Product Stocks Rise
Commercial crude oil stocks fell by 6.1 million barrels for a ninth consecutive decline, while gasoline and distillate fuel stocks posted increases.
Trump, Frustrated With High Gas Prices, Channels Biden's Criticism of Big Oil
