The rumor mill and potential impacts from Hurricane Ida led to substantial prices swings in intraday trading.
OPEC
Demand for refined petroleum products such as gasoline are still not yet at pre-pandemic levels.
The federal government showed a major drop in commercial crude oil inventories, but refined petroleum products show an increase.
Federal data released Thursday show gasoline demand is charting new heights, as oil prices step back from a 6-year-high.
Conflicting reports paint a hazy, uncertain future for fossil fuels.