Crude Inventories Fall By 2.3 Million Barrels; WTI Oil Tests Session Lows
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Crude oil inventories fell by 2.3 million barrels, while gasoline inventories rose by 0.4 million barrels. WTI oil prices tested session lows following this data.
February 26, 2025 | 4:15 pm
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Crude oil inventories decreased by 2.3 million barrels, which typically supports oil prices. However, WTI oil prices tested session lows, indicating market concerns or other bearish factors.
A decrease in crude inventories usually supports oil prices, but the fact that WTI tested session lows suggests other bearish factors are at play, possibly overshadowing the inventory data.
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