From Financial Modeling Prep: 2025-05-14 03:10:00

Oil prices slipped in Asian trade due to an unexpected increase in U.S. crude stocks and President Trump’s Middle East visit. The U.S.-China tariff truce and softer inflation data also played a role in the market movement.

After a significant increase on Tuesday, both oil benchmarks retreated following the American Petroleum Institute’s report of a surprise rise in U.S. crude inventories.

The U.S.-China tariff truce led to a 90-day pause in escalating tariffs, boosting oil prices on stronger demand prospects. Softer U.S. inflation data further supported economic growth and crude demand.

The unexpected rise in U.S. commercial crude stocks, as reported by the API, capped gains in oil prices. Traders are now awaiting the official inventory data from the EIA for confirmation.

Stay informed on shifting oil prices and futures curves through the Commodities API, which provides live and historical quotes for energy commodities like Brent and WTI.

Upcoming events to watch include the EIA inventory release, Gulf political signals, and progress in trade negotiations, all of which can impact oil prices and market trends. Investors and traders can use real-time data to navigate the crude market effectively.



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