🧵 1. Oil prices fall as US crude inventories surge, overshadowing Middle East tensions. West Texas Intermediate settles at $76.64 per barrel. #finance
🧵 1. Oil prices fall as US crude inventories surge, overshadowing Middle East tensions. West Texas Intermediate settles at $76.64 per barrel. #finance
🧵 2. US weekly crude stockpiles rise by 12 million barrels, exceeding expectations. Refinery utilization drops as production hits record high.
🧵 3. Middle East tensions escalate as Israel launches airstrikes in Lebanon. Hopes for Israel-Hamas ceasefire diminished.
🧵 Read more at: https://www.investing.com/news/commodities-news/oil-prices-dip-on-signs-of-massive-us-inventory-build-hot-cpi-data-3302782