​WTI Leaks Lower As Crude Inventories Hit Lowest Since March 2022 – Tyler Durden

WTI Leaks Lower As Crude Inventories Hit Lowest Since March 2022 Oil pries are lower overnight, despite API reporting an across the board inventory draw, as traders weigh up whether China’s new stimulus measures will translate to higher energy demand in the world’s biggest oil importer. Geopolitics also remained in focus as Iranian President Masoud Pezeshkian said that Israeli attacks in Lebanon “cannot go unanswered.” “Though oil rebounded last week, we do not see the current price as accurately reflecting a wider Middle East war scenario. Many market participants have seemingly written off a threat to regional oil supplies,” Helima Croft, head of…  — Continue at ZeroHedge News : Read More