Crude Inventories Rise by 4.6 Million Barrels; WTI Oil Tests Session Highs
Portfolio Pulse from
Crude oil inventories increased by 4.6 million barrels, while gasoline inventories decreased by 0.2 million barrels. WTI oil prices tested session highs despite the rise in crude inventories.
February 20, 2025 | 5:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Despite a 4.6 million barrel increase in crude oil inventories, WTI oil prices tested session highs, indicating strong demand or other bullish factors.
The increase in crude inventories would typically pressure prices down, but the fact that WTI tested session highs suggests strong demand or other bullish market factors. This could lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100