Crude oil rises as US shutdown ends, boosting demand outlook
after close1 source ↓written by the desknot a recommendation
- prices increased
- 0.58%
- following the end
- ₹5,228
- inventories rose
- 5.202 million barrels
Crude oil prices increased by 0.58% to ₹5,228 following the end of the U.S. government shutdown, which improved market sentiment and demand expectations. Additionally, U.S. sanctions on Lukoil add geopolitical tension. However, concerns over oversupply persist as U.S. crude inventories rose by 5.202 million barrels, the largest increase since July.
Not investment advice. For informational purposes only.