Oil Price - the US inventory count is a major factor

 In the absence of a major international event, especially related to terrorism or stemming from a simmering political issue in the Middle East, the oil price is affected by US crude stocks.

In short, the oil price is inversely proportional to this crucial factor, as the US crude stocks clearly reflect the health of industrial activities.

In the past few weeks, this is how the US crude stocks changed:

US crude oil stocks

The way price fluctuated is shown below:

WTI spot price

To see the live data, please visit the following link:

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