"Oil Prices React to Unexpected Inventory Build and Geopolitical Tensions"
TL;DR Summary
Crude oil inventories in the US unexpectedly rose by 483,000 barrels, contrary to analyst predictions of a draw. Gasoline and distillate inventories also saw significant builds, while Cushing inventories fell. Despite the inventory increases, oil prices were mixed, with Brent crude trading down and WTI trading up compared to the previous week.
Topics:business#crude-oil#energy-markets#inventory#oil-prices#strategic-petroleum-reserve#united-states
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