Oil prices settle lower as U.S. crude supplies fall but product stocks rise
Oil futures settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh straight week, but gasoline and distillate stockpiles climbed by more than 6 million barrels each.
U.S. Crude Oil Stockpiles Extend Decline to Seven Weeks
U.S. crude oil inventories fell for a seventh consecutive week, while product stocks saw large builds last week as refineries increased their capacity use.
Crude oil prices hit three-week high as concerns over supply grow
Crude oil prices rose to a three-week high amid mounting concerns over supply disruptions and increasing demands. However, technical analysts caution that oil markets may be over-bought.
Oil prices down on US fuel stocks build, dollar strength
Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members.
Crude oil futures rise amid inventory decline in the US
Crude oil futures rise as US inventories decline, OPEC production drops, and China bans US-sanctioned tankers.
US oil futures rise after API reports much larger drop in US crude stocks
U.S. crude oil futures inched higher in post-settlement trading Tuesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude stockpiles. Crude Oil WTI Futures,
Oil prices surge as OPEC supply drops, US crude stocks decline
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while U.S. crude oil stocks fell last week, market sources said, citing American Petroleum Institute figures. Also supporting prices was an unexpected increase in U.
Oil trims gains on dollar strength, tight supplies provide support
Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of ...
Oil Averaging $65 in ‘25 to Keep OPEC+ Under Pressure, BofA Says
International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries ...
Crude Oil Prices1d
Large Jump in Fuel Inventories Outweighs Crude Draw
Crude inventories at the Cushing Oklahoma hub continue to draw, but a large increase in gasoline and distillate stockpiles resulted in an increase in commercial petroleum inventories ...
TheCable1d
Prioritise crude oil supply to local refineries, group tells NNPC
A group of concerned Nigerian citizens has called on the NNPC Limited to prioritise crude oil supply to local refineries, ...
South Sudan Calls for Quick Restart of Dar Petroleum Production
South Sudan’s government called for the Dar Petroleum Operating Co. to begin resuming oil output on Wednesday, days after ...
Crude Oil Prices1d
API Reports Large Crude Draw, Major Jump in Fuel Inventories
Crude inventories saw a larger than expected decline for the week ending January 3rd, while fuel inventories continue to soar ...