Last week’s U.S. EIA refined oil inventory change (thousands of barrels) as of 0724 fell short of expectations: 106.2 vs 14.6

According to Woofun AI, last week’s U.S. EIA report showed a refined oil inventory change of 1.062 million barrels, higher than the expected 146,000 barrels and the previous figure of 1.395 million barrels. The unexpected sharp increase in inventories w

According to Woofun AI, last week’s U.S. EIA report showed a refined oil inventory change of 1.062 million barrels, higher than the expected 146,000 barrels and the previous figure of 1.395 million barrels. The unexpected sharp increase in inventories weakened expectations of tight crude oil supply, potentially curbing upward pressure on oil prices and thus exerting short-term pressure on the energy sector and related crypto asset sentiment.