WTIUSD

Crude oil prices have come under significant pressure following the release of U.S. crude oil inventory data, which showed an increase of 5.2 million barrels, contrary to expectations of a 2.5 million barrel decline. This unexpected rise in inventories has reinforced concerns about slowing demand in the world's largest oil consumer. The potential of strong economic data from the U.S. to support demand has been overshadowed by the high inventory figures, and downward pressure on prices continues.