Oil Pressured by Signs of Weaker Demand as U.S. Stockpiles Build

Group 1 - Oil prices are experiencing upward movement in early trading, with Brent crude at $63.70 per barrel and WTI at $59.80 per barrel, despite settling approximately 1.5% lower in the previous session [1] - The latest EIA report indicates a significant increase in U.S. crude stockpiles, rising by 5.2 million barrels last week, contrary to market expectations of a 100,000-barrel decline [2]