WTI, Brent Fluctuate; Settle at $78.26, $83.02 Amid Market Changes

Oil prices experienced fluctuations over recent days, influenced by various factors including U.S. stockpile changes and Chinese import data. West Texas Intermediate (WTI) crude and Brent crude saw different trends, with WTI reaching a high of $79.26 per barrel before settling at $78.26, and Brent peaking at $84 before closing at $83.02. The market reacted to a mixed U.S. inventory report indicating a nationwide crude stockpile decline but an increase at the Cushing storage hub. Additionally, hopes for a U.S. rate cut and strong demand signals from the U.S. and China contributed to the market's volatility. DGCX Brent futures settled at $82.79 per barrel.