Oil Prices Jump on U.S. Inventory Dip ...Middle East

Crude oil prices reversed a decline from the start of this week, moving higher after the American Petroleum Institute reported the first weekly decline in inventories in over a month. If the inventory dip gets confirmed today by the Energy Information Administration, the price rise will likely extend towards the end of the week. At the time of writing, Brent crude was trading at $73.21 per barrel, with West Texas Intermediate at $69.13 per barrel, following the API’s weekly inventory report, which estimated a dip of over 600,000 barrels for…

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