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US Crude Inventories

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A stunning aerial shot of an illuminated oil refinery at night showcasing industrial production in Rosemount, MN.
FORECASTSAUG 6, 2026
Oil Price Forecast: Iran Oman Talks Pressure WTI as Brent Nears Key Support
Oil prices remained under pressure as progress in Iran Oman talks reduced some supply risk premium while rising US crude inventories added to bearish sentiment. Technical traders are watching whether WTI can defend the $74–$75 zone and whether Brent can hold above $80–$81.