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Oil Prices Dip as U.S. Crude Inventories Surge Amid Middle East Tensions

by Oluwatosin Racheal Alabi March 18, 2026

by Oluwatosin Racheal Alabi March 18, 2026

KEY POINTS Oil prices fell modestly on Wednesday morning after the American Petroleum Institute (API) reported a significant increase in U.S. crude inventories. Brent crude futures dropped $1.15, or 1.11%, …

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