US EditionAbundance of Oil Supply in the Market Results in Lower Gas Prices Across the Nation
UNITED STATES, JUL 11 – U.S. crude inventories hit a ten-month high as OPEC+ holds production steady and global demand weakens, keeping Brent and WTI prices near $65 to $67 per barrel.
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Oil Markets Hold Steady Amid Supply Pressure and Weak Demand
Brent and WTI crude prices closed the last session with minor changes, reflecting the market’s struggle to find direction as traders absorbed a mix of bearish fundamentals and technical signals. Official trading data shows Brent settled near $66.80 per barrel and WTI at $64.24, both benchmarks hovering close to multi-month lows. The charts from July […]
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Abundance of oil supply in the market results in lower gas prices across the nation
In various California cities, prices per gallon are as follows: San Francisco at $4.74, Oakland at $4.60, and San Jose at $4.55. Sacramento and Fresno are slightly lower at $4.49 and $4.58, respectively, while Stockton drivers are paying $4.38.
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