<\/p>\n\n\n\n
Oil prices slipped slightly in Asian trade on Thursday, consolidating after a strong rally in the previous session, as traders weighed tighter U.S. supply signals<\/strong> against persistent geopolitical tensions surrounding Russia<\/strong>.<\/p>\n\n\n\n At 01:23 GMT<\/strong>, Brent crude futures<\/strong> for November delivery fell 0.3% to $69.09 per barrel<\/strong>, while West Texas Intermediate (WTI)<\/strong> crude slipped 0.4% to $64.72 per barrel<\/strong>. Both benchmarks had surged more than 2% on Wednesday, reaching their highest levels in seven weeks.<\/p>\n\n\n\n Data from the U.S. Energy Information Administration (EIA)<\/strong> showed crude inventories unexpectedly fell by 607,000 barrels<\/strong> in the week to September 19, compared to market forecasts of a build of about 800,000 barrels<\/strong>.<\/p>\n\n\n\n The draw reflected stronger refinery runs<\/strong> and slightly firmer demand for fuel products, easing some concerns over weak consumption.<\/p>\n\n\n\n Markets also kept a risk premium on prices amid rising geopolitical tensions. At the United Nations General Assembly<\/strong>, U.S. President Donald Trump<\/strong> warned European nations against buying Russian oil and suggested Washington was considering new sanctions aimed at restricting Russia\u2019s energy flows.<\/p>\n\n\n\n Although no immediate actions were announced, the hawkish rhetoric increased fears of supply disruptions. This comes as Ukrainian drone strikes<\/strong> on Russian refineries and export terminals have already raised doubts about Moscow\u2019s ability to sustain stable flows, tightening global supply margins.<\/p>\n","protected":false},"excerpt":{"rendered":" Oil prices slipped slightly in Asian trade on Thursday, consolidating after a strong rally in the previous session, as traders weighed tighter U.S. supply signals against persistent geopolitical tensions surrounding Russia. At 01:23 GMT, Brent crude futures for November delivery fell 0.3% to $69.09 per barrel, while West Texas Intermediate (WTI) crude slipped 0.4% to …<\/p>\n","protected":false},"author":9,"featured_media":60920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-119232","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=119232"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119232\/revisions"}],"predecessor-version":[{"id":119233,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119232\/revisions\/119233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/60920"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}U.S. Crude Stockpiles Show Surprise Draw<\/h4>\n\n\n\n
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Geopolitical Premium Keeps Oil Supported<\/h4>\n\n\n\n