24 Feb 2022 , 09:21 AM
WTI Crude oil futures hit $95 per barrel as the global geopolitical worries turned into visible threat with Russian President Vladimir Putin announcing military operation in Ukraines Donbas region. Oil surged even as equities tumbled around the globe. The commodity is fast approaching $100 per barrel mark. The American Petroleum Institute (API) estimated the inventory build this week for crude oil to be 5.983 million barrels, media reports noted. The US crude inventories have shed some 73 million barrels since the start of 2021 and about 16 million barrels since the start of 2020.
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