US policies ‘discouraging’ oil production: Andy Lipow
Lipow Oil Associates Andy Lipow discusses the oil industry struggling with Hurricane Ida fallout, demand hitting its peak and the president’s policies stifling U.S. energy independence.
Oil prices slipped on Thursday but kept most of the previous day's gains after a larger-than-expected drawdown in crude oil stocks in the United States, the world's largest oil consumer.
Brent crude oil fell 13 cents, or 0.2%, to $75.33 a barrel by 0128 GMT, after settling up 2.5% the previous day.
U.S. West Texas Intermediate (WTI) crude slipped 12 cents, or 0.2%, to $72.49, after settling 3.1% higher on Wednesday.
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