Oil Prices Rebound Amid Rising Inventories and OPEC+ Decisions

Crude oil prices fell as the U.S. Energy Information Administration reported an unexpected inventory build of 1.2 million barrels for the week ending May 31, along with increases in gasoline and middle distillate inventories. This follows similar reports from the American Petroleum Institute and comes amid concerns over potential reversals of OPEC+ production cuts, leading to a market selloff and oil prices hitting a four-month low.