Mumbai, May 31 -- WTI Crude Oil futures mostly stayed weak and tested around three-week low as market sentiment remained shaky amid tariff uncertainty and soft US economic data. A 2.8 million barrel drop in US crude inventories lent some support for the prices. At 440.4 million barrels, US crude oil inventories are about 6% below the five-year average for this time of year. Total motor gasoline inventories decreased by 2.4 million barrels from last week and are about 3% below the five-year average for this time of year. Prices still pulled down under $60 per barrel for a brief period as OPEC+ kept its oil output policy unchanged but agreed to create a framework for setting new production baselines for 2027. Overall US crude import trends ar...
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