Saturday, May 17, 2025

Oil Prices Hold Steady, Despite 4.9 MMBO Inventory Build

Crude oil inventory build offset by refined product draw, supporting prices above $50 per barrel Both Brent and WTI crude prices are up after falling earlier in the day on expectations of a 3 MMBO crude oil build. The build exceeded expectations, with the U.S. adding 4.9 MMBO to its inventory according to the EIA, but prices recovered following the