The Strait of Hormuz is expected to reopen, while U.S. API crude inventories rose more than expected and WTI crude fell over $90.
The Strait of Hormuz is expected to reopen, while U.S. API crude inventories rose more than expected and WTI crude fell over $90.
| Dear Bitunix User, | | Geopolitical tensions in the Middle East show signs of easing, with the Strait of Hormuz expected to reopen, potentially reducing concerns over disruptions to energy shipments. Meanwhile, U.S. API crude inventories rose by 1.786 million barrels last week, versus an expected decline of 563,000 barrels, putting further focus on supply-side changes. WTI crude is currently fell over 90%. | |
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