Oil prices jumped early on Wednesday, following reports that the OPEC+ group could be weighing the possibility not to increase collective oil production from April as widely expected. And despite a shockingly large crude build (the largest on record) as estimated on Wednesday by the EIA, oil prices were still holding strong.
As of 9:52 a.m. ET on Wednesday, before the weekly EIA inventory report, WTI Crude prices were rising by 1.84 percent at $60.87 and Brent Crude prices were up 1.63 percent on the day at $63.66. By 11:30am, WTI was trading even…Oil Soars Despite Largest Ever Crude Build
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