Urgent: US oil inventories rise unexpectedly.. and prices jump by more than
Oil prices continued their strong gains during Wednesday trading, supported by rising geopolitical tensions in the Middle East after US President Donald Trump’s statements about the end of the ceasefire agreement with Iran. This came despite data showing a surprising increase in US crude oil inventories, which under normal circumstances would have been a factor pressuring prices.
The data released today, Wednesday, showed that US crude oil inventories rose by 2.998 million barrels over the past week, while market expectations pointed to a decline of 1.900 million barrels. The previous reading recorded a drop of 3.775 million barrels.
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Oil prices continued their strong gains during Wednesday trading, supported by rising geopolitical tensions in the Middle East after US President Donald Trump’s statements about the end of the ceasefire agreement with Iran. This came despite data showing a surprising increase in US crude oil inventories, which under normal circumstances would have been a factor pressuring prices.
The data released today, Wednesday, showed that US crude oil inventories rose by 2.998 million barrels over the past week, while market expectations pointed to a decline of 1.900 million barrels. The previous reading recorded a drop of 3.775 million barrels.
#HormuzOilTankerTrafficNearlyStalls #HormuzOilTankerTrafficNearlyStalls #OilJumpsBondsSlideAfterUSStrikesOnIran #MuskNetWorthFallsBelow$1TrillionAfterSpaceXSharesDrop #SKHynixADREndsBookbuildingAfterOversubscription $XAU %7
$NVDAB