Yesterday, oil prices went from rising to falling, which during the The day before they had jumped 6% the previous day. A day earlier they had jumped by 6% on the news that ship traffic in the Suez Canal was The day earlier they had jumped 6% on the news that ship traffic in the Suez Canal had been blocked by a large ship that ran aground, owned by container carrier Evergreen Marine. The situation is exacerbated by the fact that the canal is one of the most sea shipping lanes that are heavily used. As a result, at least at least 100 vessels have lost the ability to move. This news caused a sharp rise in oil prices on Wednesday, but yesterday The news caused a sharp rise in oil prices on Wednesday, but yesterday a large part of that rise was offset by the release of statistics on stocks in the United States. According to the released data, over the last week they rose by 1.9 million barrels (502.7 million total), That didn't match analysts' forecasts, which had expected an increase of 0.9 million. In addition, according to experts, players overestimated the news of the channel blocking - the price spike was overestimated and eventually flattened out due to growth of stocks. Translated with www.DeepL.com/Translator (free version)