US Energy Information Administration (EIA) reports an inventory decrease for the last week.
US crude oil imports drop to the lowest level since March 2021.
WTI Price Analysis: Would resume upwards if it breaks above $75.00; otherwise, it would remain sideways.
Western Texas Intermediate (WTI), the US crude oil benchmark, retreated from weekly highs and reached $74.32 in the early New York session. Inventories in the United States (US) dropped, though it failed to underpin WTI’s price. At the time of typing, WTI exchanges hands at $73.08 PB.
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