Reuters
17 Jun 2026, 15:46 UTC · 1h ago
US crude inventories decline for tenth week to over 20-year low, EIA says
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Reuters
17 Jun 2026, 15:46 UTC · 1h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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The ongoing war in Iran continues to disrupt global energy markets. — Geopolitical instability in a major oil-producing region typically triggers significant price spikes due to supply risk.
+0.80U.S. crude oil inventories have dropped for ten consecutive weeks to their lowest level since 1985. — Historic lows in stockpiles suggest a tight physical market, providing strong fundamental support for higher oil prices.
+0.60Demand for crude oil surged last week. — Increased demand in a low-inventory environment exacerbates upward pressure on commodity pricing.
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