💨 Abstract

Oil prices slightly increased after Trump revoked Chevron's license to operate in Venezuela, potentially reducing crude supply. Prices dropped on Wednesday due to a build-up in U.S. fuel inventories and hopes for a peace deal between Russia and Ukraine. The market is now focused on Trump's Russian-Ukrainian peace talks and the possibility of buying from the U.S. Strategic Petroleum Reserve.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖