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Oil ends lower after tapping highest intraday price in 2 weeks

Futures Movers Last Updated: March 29, 2023 at 3:27 p.m. ET First Published: March 29, 2023 at 8:52 a.m. ET EIA data show U.S. crude supplies posted the largest weekly decline year to date Oil prices have climbed to their highest level in more than two weeks. Getty Images Oil futures ended with a modest

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Futures Movers

EIA data show U.S. crude supplies posted the largest weekly decline year to date

Oil prices have climbed to their highest level in more than two weeks.

Getty Images

Oil futures ended with a modest loss on Wednesday, giving up early gains that lifted prices to their highest intraday level in just over two weeks.

Oil got an early boost after U.S. government data revealed the biggest weekly crude supply decline year to date, but prices turned lower as traders also assessed demand expectations, prospects for a recession, and a temporary supply disruption.

Price action
Supply data

The…

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