![Oil prices decline as U.S. oil stocks unexpectedly increase](https://market-tracker.in/wp-content/uploads/2022/12/6271558040473e0018a1bbd5-1.jpg)
Oil prices decline as U.S. oil stocks unexpectedly increase
Early trade on Wednesday saw a decrease in oil prices as industry data revealed a significant gain in U.S. crude stocks rather than the expected decline. This confirmed concerns about a weaker demand even as supply is becoming more constrained. West Texas Intermediate (WTI) crude futures for the United States decreased by 30 cents, or…