Crude oil inventories have swung back into surplus territory for the first time since early 2021, marking a significant shift in the energy market. The move signals evolving supply-demand dynamics in the global oil sector. WTI spot trading hovered around $57.54 during the week that wrapped up January 2, sitting at the marginal price point. This level reflects ongoing tension between production capacity and market demand, with implications rippling across commodities markets and macroeconomic sentiment.