🛢️ Oil prices rise as markets focus on supply tightness & a "soft landing" for the US economy. Brent crude futures up 0.4% to $94.29, while WTI crude futures climb 0.3% to $90.70. Key factors:

- US crude stockpiles rose by 1.6M barrels last week, defying expectations

- Concerns about Cushing, Oklahoma storage hub falling below minimum operating levels

- OPEC+ supply cuts adding to tightness

- High export demand could draw barrels away

- Russia's export ban on high-quality diesel & gasoline remains

- Possible 40% chance of Fed raising interest rates to beat inflation

Thoughts? 💭 #oilprices #economy