Crude Inventories Rise By 1.4 Million Barrels; WTI Oil Tests Session Highs
Portfolio Pulse from
Crude oil inventories increased by 1.4 million barrels, while gasoline inventories fell by 5.7 million barrels. WTI oil prices tested session highs following this data.
March 12, 2025 | 3:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Crude oil inventories rose by 1.4 million barrels, but gasoline inventories fell significantly by 5.7 million barrels. This mixed data led WTI oil prices to test session highs.
The increase in crude inventories typically suggests a potential oversupply, which could pressure prices. However, the significant drop in gasoline inventories indicates strong demand, supporting higher prices. This mixed data led to WTI oil prices testing session highs, suggesting a short-term positive impact on WTI prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80