EIA Settles Market With Reports of US Oil Inventories Falling
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5 Articles
Shafaq News - Baghdad / Erbil - Oil prices rose in early trading on Thursday, after suffering losses in the previous session, supported by stronger-than-expected economic data from the world's largest oil consumers and signs of easing trade tensions. Brent crude futures rose 27 cents, or 0.39%, to $68.79 a barrel during trading, while US West Texas Intermediate (WTI) crude futures rose 31 cents, or 0.47%, to $66.69 a barrel. Both benchmarks fell…
EIA Settles Market With Reports of US Oil Inventories Falling
Crude oil inventories in the United States decreased by 3.9 million barrels during the week ending July 11, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 422.2 million barrels according to government data, which is still 8% below the five-year average for this time of year. The EIA’s data release follows a rocky Tuesday after conflicting API inventory …
Oil settles down; build in US fuel inventories offsets signs demand growing
Source: Live Mint HOUSTON -Oil prices settled marginally lower on Wednesday as U.S. fuel inventory builds and concerns about wider economic impact from U.S. tariffs outweighed some signs of increasing demand. Brent crude futures settled 19 cents, or 0.3% lower, at $68.52 a barrel. U.S. West Texas Intermediate crude futures were down 14 cents, or 0.2%, at $66.38. U.S. gasoline stocks rose by 3.4 million barrels last week, the Energy Informati…
U.S. crude oil inventories decrease by 3.9 million barrels – Oil & Gas 360
Weekly Crude Oil Storage as of July 11, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.9 million barrels from the previous week. At 422.2 million barrels, U.S. crude oil inventories are 8% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of July 11, 2025. Summary of weekly petroleum data for
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