The oil price decreased today following the Energy Information Administration’s report of a 5.8 million barrel inventory expansion up to April 5th. The growth in fuel stocks contrasted with significant declines the previous week. Gasoline and distillate inventories expanded, with gasoline up by 700,000 barrels and distillate by 1.7 million barrels. Oil prices stabilized, but concerns persist over the Middle Eastern situation and potential Iranian involvement, heightening supply security worries. Analysts suggest prices remain highly volatile, with any single news event capable of reigniting an upward trend, including attacks on Russian oil infrastructure or Israeli actions in Syria.