![Crude Oil Rises Even After Reporting Unexpected Rebound in Crude Inventories](https://market-tracker.in/wp-content/uploads/2022/09/crude-oil-prices-should-remain-soft-in-near-term-david-lennox-1.jpg)
Crude Oil Rises Even After Reporting Unexpected Rebound in Crude Inventories
Traders mostly disregarded the EIA report revealing an unexpected increase in crude oil stockpiles, as crude oil prices increased by 0.37% to settle at $6,190. According to EIA statistics, rather than the market’s estimate of a 2.30 million barrel reduction, U.S. oil stockpiles grew by 1.233 million barrels for the week ending May 31, 2024….