Oil prices drop after industry data shows big rise in U.S. crude inventories
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2025
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Source: MarketWatch
Crude Inventories Impact: Oil futures declined on Wednesday due to a significant increase in U.S. crude inventories, which may end a three-day winning streak for oil prices.
Correction of Headline: An earlier version of the article contained an incorrect statement regarding the direction of change in crude inventories.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
