US Crude Markets Stabilize
West Texas Intermediate crude oil prices are holding steady around the $57 per barrel level as the Energy Information Administration reported mixed signals from US crude inventory data, with traders weighing supply dynamics against demand concerns.
EIA Data Highlights
- Crude inventories: Mixed weekly changes
- Cushing stocks: Stable near seasonal averages
- Gasoline inventories: Slight build
- Refinery utilization: 91.5%
Price Action
The front-month WTI contract is trading around $57.35 per barrel, with the Brent-WTI spread holding near $3.50 as both benchmarks track similar patterns.
Analyst Commentary
The mixed inventory data reflects balanced market conditions, with refinery demand offsetting import fluctuations as the market heads into the traditionally slower spring maintenance season.