Oil Prices Surge On Unexpected US Crude Inventory Drop, Middle East Tensions

Global oil prices saw a notable uptick on Wednesday as US crude inventories dropped sharply, reflecting stronger-than-expected domestic demand.  The report from the American Petroleum Institute (API) showed a decrease of 573,000 barrels in US commercial crude stocks, surpassing market predictions of a 2.3-million-barrel rise. This unexpected decline in inventories helped drive prices upward, with … Continue reading Oil Prices Surge On Unexpected US Crude Inventory Drop, Middle East Tensions