US EditionOil Prices Gain as US Inventory Withdrawals Point to Strong Demand
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9 Articles
Oil prices gain as US inventory withdrawals point to strong demand
TOKYO :Oil prices gained slightly on Thursday as larger-than-expected declines crude oil and fuel inventories in the U.S., the world's biggest oil user, supported expectations for steady demand. Brent crude futures were up 13 cents, or 0.19 per cent, to $66.97 a barrel at 0055 GMT, after gaining 1.6 per cent
US Crude Oil Inventories—and Prices—Contract
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, shrinking by 2.4 million barrels in the week ending August 15. Analysts had expected a 1.2-million-barrel draw. So far this year, crude oil inventories are up nearly 8 million barrels, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic …
Oil prices rose slightly on Thursday as a larger-than-expected drawdown in U.S. crude and fuel inventories bolstered expectations of steady demand. Brent crude futures were up 13 cents, or 0.19 percent, at $66.97 a barrel by 0055 GMT, after rising 1.6 percent in the previous session. U.S. West Texas Intermediate (WTI) crude futures were up 15 cents, or 0.24 percent, at $62.86, after rising 1.4 percent the day before.
Oil accelerates, backed by US weekly stocks Admin FCE August 20, 2025 - 21:15 Oil prices have increased on Wednesday, encouraged by the publication of a much more than expected drop in US crude reserves, the operators still monitoring any developments regarding Ukraine.The price of the Brent barrel of the North Sea, for delivery in October, took 1.60% to 66.84 dollars, erasing its losses the previous day.His American equivalent, the barrel of We…
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