US Private Inventory Data (bbls): Crude +0.6mln (prev. +13.4mln), Distillate -1.6mln (prev. -2.0mln), Gasoline -0.3mln (prev. +3.3mln), Cushing -2.4mln (prev. +1.4mln)

US Private Inventory Data (bbls): Crude +0.6mln (prev. +13.4mln), Distillate -1.6mln (prev. -2.0mln), Gasoline -0.3mln (prev. +3.3mln), Cushing -2.4mln (prev. +1.4mln)

The latest U.S. private inventory data shows a sharp decline in crude inventories, which is a notable shift from the previous large build. This tightening in crude supplies, alongside reductions in both gasoline and distillate stocks, could signal stronger demand or supply-side constraints, impacting oil prices and giving a bullish signal for the market going forward.