Oil Rises as US and Iran Differ on Possible Routes to End War

Record-fast oil inventory growth at Cushing, Oklahoma — the main U.S. hub — appears to be abating, easing concerns that storage capacity limits would be strained. That reduces near-term downside pressure on WTI and lowers the risk of logistical constraints or forced crude curtailments.

Analysis

Record-fast oil inventory growth at Cushing, Oklahoma — the main U.S. hub — appears to be abating, easing concerns that storage capacity limits would be strained. That reduces near-term downside pressure on WTI and lowers the risk of logistical constraints or forced crude curtailments.