FXEmpire.com - Key Insights Crude inventories grew by 1.6 million barrels from the previous week. The minor purchases for the Strategic Petroleum Reserve may serve as a bullish catalyst for oil markets. This article was originally posted on FX Empire More From FXEMPIRE: Oil Prices Forecast: Traders Bracing for OPEC+ Crucial Production Decision Gold Prices Forecast: Testing Seven-Month High Ahead of Key US Inflation Report EUR/USD Forecast: Analyzing the Path Amidst Eurozone and US Inflation Data The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.