U.S. oil inventories surge, WTI under pressure
U.S. commercial crude oil inventories rose by 7.14 million barrels last week.
Published 2h2 sources✓ ConfirmedImportant
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The fact
The API reports a decline in Cushing stocks despite the overall increase in inventories.
This oversupply is weighing on WTI prices, already weakened by geopolitical tensions.
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