The phrase "crude stockpiles" refers to a large supply or inventory of unrefined oil that is stored and held in reserve for future use. Full definition
NEW YORK (Reuters)- Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war. (reuters.com)
A Reuters poll showed U.S. crude stockpiles rose by 4.1 million barrels, on average, in the week to Jan. 23. (reuters.com)
NEW YORK Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war. (reuters.com)