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EIA Settles Market With Reports of US Oil Inventories Falling

Summary by Oil Price
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 …

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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…

·Iraq
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Oil Price broke the news in London, United Kingdom on Wednesday, July 16, 2025.
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