U.S. Crude Inventories Post Sharp Weekly Drop, Signaling Tighter Oil Balances
U.S. crude oil inventories fell by 8.6 million barrels in the latest weekly data, marking one of the steepest declines in months and reinforcing expectations that physical oil balances are tightening. The draw comes as refinery activity, exports and broader inventory reductions align, offering support to crude prices even as traders weigh demand durability and supply discipline.
