Global Markets React to Oil Inventory Plunge, Geopolitical Tensions, and Major Corporate Spin-offs

· thestockmarketwatch.com

Brent and US Crude futures rose sharply Wednesday morning following a bullish report from the Energy Information Administration (EIA). The data revealed a

Key Takeaways

US Crude inventories plummeted by 4.306 million barrels , far exceeding the estimated draw of 2.007 million, sending oil futures higher.

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