Surge in US crude inventories dampens bullish sentiment

Price actionBrent crude is currently trading at USD 81.

4 per barrel, marking a decline from its February peak of USD 83. 6 per barrel recorded yesterday (February 14th), representing a notable drop of 2.

6% within a short span of time.

This morning, crude prices continue to slide, following a larger-than-anticipated increase in US crude inventories (+12.

0.