Oil prices are surging this morning, playing catch up to gold and crypto, with all eyes on the official inventory and supply data for what happens next

US crude stocks fell for the third straight week (more than expected)

This draw dragged crude stocks down to their lowest since February...

The Biden admin added 650k barrels to SPR last week...

<strong>US crude production remains at record highs while rig counts fell to their lowest since Jan 2022...</strong>

WTI is extending gains after the crude draw...

Not a great picture for pump prices and inflation?

US crude production remains at record highs while rig counts fell to their lowest since Jan 2022...
{ai:summary}<p>Oil prices spike as US crude stocks fall for third week in a row, hitting lowest levels since February. Biden admin adds to Strategic Petroleum Reserve, while production remains high. Concerns rise over impact on pump prices and inflation. #economy</p>

WTI Extends Gains As Crude Inventories Tumble To Lowest Since Feb

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