Biography Flash: Oil Whiplash as Trump-Modi Drama Sends WTI Tumbling While US Inventories Surge 7.3 Million Barrels

Recent News and Information from the past 24 hours on the commodity Crude Oil including latest trading price. Biography Flash a weekly Biography.

WTI crude oil is trading at around 58 dollars and 50 cents per barrel today, recovering slightly from a five-month low after some dramatic news and a healthy dose of geopolitical confusion. Yesterday, prices rebounded from 58 dollars and change all the way toward 59 on reports that U.S. President Donald Trump announced Indian Prime Minister Narendra Modi had agreed to halt Indian imports of Russian crude. That would have been a seismic shift for the global oil market, potentially tightening supply as two of the world’s largest buyers, India and China, were suddenly under American pressure to reduce purchases from Russia. But within hours, India’s foreign ministry denied the existence of any such conversation, and Indian refinery executives told the press they hadn’t received policy updates, even as a few speculated that modest, short-term cuts to Russian imports might still happen. The fast-moving reversal sent traders scrambling and injected a wave of uncertainty into the market. The confusion unfolded alongside escalating U.S.–India trade tensions, fanned by President Trump’s new 50 percent tariffs on Indian goods.

At the same time, the American Petroleum Institute reported last night that U.S. crude oil inventories soared by over 7.3 million barrels last week, the largest jump since July. This surprise build added to bearish sentiment and weighed on prices despite the initial market optimism. Demand concerns were further compounded by continuing U.S.–China trade friction, including new port fees and tariff threats that have disrupted global shipping and fueled speculation of a potential oil surplus. The International Energy Agency’s forecast of a possible 4 million barrel per day surplus by 2026 is also keeping a lid on any bullish momentum. Brent crude, meanwhile, is trading just above 62 dollars per barrel, but also faces downward pressure from the same global crosscurrents. Technical analysts at Orbex and RoboForex point out how prices remain trapped in a broad trading range, with support around 57 dollars 60 and resistance near 60 dollars 25, reinforcing the bearish mood but hinting at possible short-term volatility.

On the business front, there are no major new deals or corporate mergers to report in the past 24 hours, and social media chatter is focused almost entirely on the India-Russia-U.S. triangle and the surprise in U.S. inventory numbers. No significant public appearances from oil industry leaders or policymakers have made fresh headlines as of this morning.

That’s your comprehensive pulse on the latest in crude oil. Thanks for listening to Daily Crude Oil Price Tracker with Vanessa Clark. If you want to keep up with every headline and price move, be sure to subscribe and never miss an update. And don’t forget, if you love deep dives into great lives, search “Biography Flash” for more.

And that is it for today. Make sure you hit the subscribe button and never miss an update on Recent News and Information from the past 24 hours on the commodity Crude Oil including latest trading price.. Thanks for listening. This has been a Quiet Please production."



Get the best deals https://amzn.to/490st2I

This content was created in partnership and with the help of Artificial Intelligence AI