WS #13932
US crude inventories surged 17.4M barrels (largest since Jan 2023) as exports slumped, while IEA forecasts first demand decline since COVID, contrasting with OPEC's growth view.
Oil inventory build and demand divergence
US crude inventories surged 17.4M barrels (largest since Jan 2023) as exports slumped, while IEA forecasts first demand decline since COVID, contrasting with OPEC's growth view.