Crude Oil Futures Rally as Bullish Inventory Data and India Sanctions Threat Fuel Price Surge
Key Points:Crude oil prices rebounded $1.11 after a 5-week low, driven by bullish U.S. inventory data and geopolitical tensions.Trump threatens India with tariffs over Russian crude imports, sparking fears of supply rerouting and trade disruption.API reported a 4.2M barrel U.S. crude draw vs. 600K expected, signaling firm demand and boosting bullish oil outlook.Crude Oil Climbs on U.S. Threats Against India and Large Inventory DrawCrude oil rebounded sharply Wednesday, lifting off a five-week lo