Oil dips amid US inventory rise

Oil prices declined after a significant increase in U.S. crude inventories, which rose by approximately 7.1 million barrels over the week, contrary to expectations of a decrease. However, supply disruptions in the Middle East—including the closure of a pipeline in Saudi Arabia and an attack on Houthi energy facilities—limited market losses, keeping prices near high levels, with Brent crude around $108 per barrel and West Texas around $105.

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