WTI Crude Prices Edge Higher After Across The Board Inventory Draws Oil prices edged higher this morning after posting the biggest two-day decline since 2022, as traders assessed the Iran-Israel ceasefire and the API report overnight that pointed to another drop in US crude stockpiles. “There is no longer any real fear of the conflict spreading,” said Arne Lohmann Rasmussen, chief analyst at A/S Global Risk Management. “With Trump’s comments on Iranian oil exports, downward pressure on oil prices is likely to continue.” API Crude -4.28mm Cushing -75k Gasoline +764k Distillates -1.03mm DOE Crude -5.84mm Cushing -464k Gasoline -2.08mm Distillates… — Continue at ZeroHedge News : Read More
