![As investors watched the EIA data, crude oil declined due to profit-booking](https://market-tracker.in/wp-content/uploads/2024/01/international-oil-price-musa-2022-smk-mojo-222-bhai-600x400.jpg)
As investors watched the EIA data, crude oil declined due to profit-booking
Profit booking amid a complicated mix of reasons that included the most recent EIA report, riots in Libya, and growing tensions in the Middle East drove crude oil’s 2.15% spike, which it settled at 6071. According to the EIA Petroleum Status Report, U.S. crude stocks fell by 5.503 million barrels in the week ending December…