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Fuel Inventories

All articles tagged with #fuel inventories

"Oil Prices Rise Amid Continuous US Crude Inventory Decline"

Originally Published 1 year ago — by OilPrice.com

Crude oil prices rose after the U.S. Energy Information Administration reported a significant inventory draw of 4.9 million barrels for the week ending July 12, aligning with the American Petroleum Institute's estimates. Despite the crude draw, gasoline and middle distillate inventories saw increases. Oil prices saw a boost, with WTI and Brent both trading up over 1%.

business energy crude-oil eia energy fuel-inventories oil-prices us-energy

Oil Prices Rebound Amid Rising Inventories and OPEC+ Decisions

Originally Published 1 year ago — by OilPrice.com

Crude oil prices fell as the U.S. Energy Information Administration reported an unexpected inventory build of 1.2 million barrels for the week ending May 31, along with increases in gasoline and middle distillate inventories. This follows similar reports from the American Petroleum Institute and comes amid concerns over potential reversals of OPEC+ production cuts, leading to a market selloff and oil prices hitting a four-month low.

business energy crude-oil eia energy fuel-inventories oil-prices opec