West Texas Intermediate (WTI) crude oil prices faced downward pressure during the Asian session, trading around $64.80 per barrel. This decline comes after the commodity failed to sustain momentum above the $65.00 threshold despite previous gains. Market sentiment was weighed down by recent data indicating a build in US crude oil inventories over the past week. The increase in stockpiles suggests a potential supply-demand imbalance, offsetting the 1% gains recorded in the previous trading session. Investors are closely monitoring these inventory levels as they often signal shifts in demand within the world's largest economy. Consequently, the bearish inventory report has led to a short-term price correction in the energy markets.
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