Tag Archives: US oil inventories

Oil prices fell on Wednesday after industry data showed that crude stocks in the United States rose more than expected, but supply concerns limited losses. Brent crude futures for December were down 72 cents, or 0.8 percent, at $92.80 a barrel by 0330 GMT, after closing up 26 cents in …

Oil prices fell 2 percent on Monday after Chinese data showed that demand from the world’s largest importer of crude remained weak in September, as strict anti-Covid-19 policies and restrictions on fuel exports reduced consumption. Brent crude futures fell $1.67, or 1.8 percent, to $91.83 a barrel by 0855 GMT, …

Oil prices fell on Friday for a second week as investor concerns about the impact of sharp increases in interest rates on energy consumption dashed hopes related to rising Chinese demand and production cuts by the Organization of the Petroleum Exporting Countries and its allies. Patrick Harker, Federal Reserve Chairman …

Oil prices approached stability on Friday, as optimism about a possible increase in energy demand in China dashed and markets weighed on fears of rising inflation. Brent crude futures fell 12 cents to trade at $92.26 a barrel by 0219 GMT. West Texas Intermediate crude futures fell four cents to …

Oil prices rose nearly $1 on Thursday as investor sentiment rose on news that China is considering reducing the duration of the quarantine for arrivals. By 0610 GMT, Brent crude futures for December settlement rose 80 cents, or 0.9 percent, to $92.21 a barrel. West Texas Intermediate crude futures for …

The weekly report by the US Energy Information Administration showed a decline in crude oil inventories of 1.725M against expectations of an increase by 1.38M during the week ending October 14. Cushing crude oil inventories rose by 583K and gasoline inventories by declined by 114K.Crude oil prices are steady after …