امریکی خام تیل کے ذخائر میں نمایاں کمی، تیل کی منڈی میں سختی کا اشارہ

The American Petroleum Institute (API) reported a significant draw in US crude oil inventories, falling by 4.93 million barrels in the week ending October 16. This follows an even larger 11.12 million barrel decrease in the preceding week, bringing total commercial crude inventories down by over 56 million barrels in 27 weeks. These continued draws suggest a tightening oil market, despite inventories remaining near year-start levels due to Strategic Petroleum Reserve releases. Sustained crude price strength from these draws could fuel inflation concerns, potentially impacting the US dollar and influencing gold's appeal as a hedge, while also pressuring the PKR through higher import costs.

بحوالہ / Source: oilprice.com