Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B

Crude oil remains stagnant despite weekly EIA data, offering no major changes

admin
admin

admin

Full Bio

admin

Share

Crude oil prices remained flat on Thursday as the latest weekly U.S. Energy Information Administration (EIA) report failed to deliver the anticipated market-shifting data. Traders had been looking to the report for signs of tighter supply or unexpected demand fluctuations, but the figures provided little momentum for price movements.

The EIA’s inventory data showed a modest build in U.S. crude stockpiles, aligning with market expectations and offering no clear catalyst to drive prices higher or lower. With global economic concerns still lingering, including worries about slowing demand from major economies like China, oil markets appear to be caught in a holding pattern.

Despite ongoing geopolitical tensions and supply cuts from key OPEC+ members, oil prices have struggled to find sustained upward momentum. The lack of significant movement following the EIA report reflects a broader uncertainty about the balance between global supply and demand.

Investors will now turn their focus to upcoming economic indicators and any potential shifts in OPEC+ policy. For now, crude oil remains range-bound, with market participants waiting for a stronger signal that could act as a gamechanger in the weeks ahead.

Subscribe to our Newsletter

Every week, we’ll send you the latest tips, tricks, reviews and advice on how to trade to a wealthier lifestyle

View more articles by

Related Articles

WTI crude oil prices edge above $69
WTI crude oil prices edge above $69.50 amid escalating trade tensions
Bank of Japan members acknowledge inflation exceeds expectations, signaling continued vigilance
Bank of Japan members acknowledge inflation exceeds expectations, signaling continued vigilance
Tokyo's consumer inflation remains steady in March, surpassing Bank of Japan's target
Tokyo's consumer inflation remains steady in March, surpassing Bank of Japan's target
WTI Crude Oil Price Inches Up Above $69
WTI Crude Oil Price Inches Up Above $69.50 Amid Venezuela Supply Disruptions
Tariff Concerns Weigh on EURUSD, Triggering Market Volatility
Tariff Concerns Weigh on EUR/USD, Triggering Market Volatility