Tonight, the U.S. EIA crude oil inventory data was released. Although it looks like crude oil reserves have increased, gasoline and refined oil inventories are still declining, which indicates that domestic demand for finished oil products in the U.S. hasn’t weakened. Against the backdrop of ongoing tensions between Iran and the U.S., even though inventories are increasing, the continuous oil consumption will keep the market concerned about subsequent restocking and supply stability. Especially since transportation risks in the Middle East haven’t significantly eased yet, it’s unlikely that oil prices will see a sustained drop just because of a one-time inventory increase. Bitget VIP—lower fees, bigger perks!