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Commodities

US Private Inventory Data (bbls): Crude +2.6mln (exp. -0.5mln), Distillates +1.8mln (exp. +1.0mln), Gasoline -1.4mln (exp. -1.8mln), Cushing -0.7mln

StockNow breaking-news AI analysis

US private data showed a surprise crude build of 2.6mln barrels. However, oil prices rose sharply as escalating US-Iran conflict and Houthi threats outweighed bearish supply fundamentals.

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