Oil Market Update: US Stockpiles, Global Tensions

Oil prices are up slightly after a big drop in US crude stockpiles, but broader concerns about trade policies, increased OPEC production, and the war in Ukraine continue to weigh on the market. Despite falling nationwide inventories, stockpiles are growing at the Cushing, Oklahoma hub, potentially leading to future price drops. Plus, the US is pressuring India to stop buying Russian oil, adding another layer of complexity to the global energy landscape. Hosted on Acast. See acast.com/privacy for more information.