Last week’s U.S. EIA crude oil inventory change (thousands of barrels) as of 0724 fell short of expectations: -716.7 vs -127.2

According to Woofun AI, last week’s U.S. EIA crude oil inventory change was -7.167 million barrels, falling short of the expected -1.272 million barrels and below the previous reading of 2.01 million barrels. The significantly lower-than-expected declin

According to Woofun AI, last week’s U.S. EIA crude oil inventory change was -7.167 million barrels, falling short of the expected -1.272 million barrels and below the previous reading of 2.01 million barrels. The significantly lower-than-expected decline in inventories indicates an expanding supply-demand gap, supporting the upward trend in oil prices.