Oil prices have been supported by a combination of factors, including the latest US inventory data and attacks on Russian refineries. The global oil market has been closely monitoring these developments, which have contributed to the recent uptick in prices.
The US inventory data, released by the Energy Information Administration (EIA), showed a larger-than-expected decline in crude oil stockpiles. This news has helped bolster market sentiment and provided a positive outlook for oil prices in the near term.
