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Us Inventories

All articles tagged with #us inventories

businessenergy1 year ago

Oil Prices Rebound Amid Fed Rate Cut Hopes and OPEC+ Decisions

Oil prices rose on Thursday, driven by expectations of a U.S. Federal Reserve interest rate cut in September, despite being tempered by OPEC+'s plan to increase supply and higher U.S. inventories. While oil benchmarks recovered after recent declines, prices are still set for a weekly drop of about 3%. The market remains cautious amid mixed signals on demand and supply adjustments from OPEC+ and Saudi Arabia's price cuts for July crude.

via Investing.com|
#businessenergy#federal-reserve#interest-rates
energy-markets2 years ago

"Surprise Increase in U.S. Crude Inventories Sends Oil Prices Lower"

The American Petroleum Institute (API) reported a larger-than-expected decrease of 5.215 million barrels in U.S. crude oil inventories, contrary to analysts' predictions of a 1.2 million barrel draw. Gasoline inventories saw a significant build of 4.896 million barrels, while distillate inventories rose by 6.873 million barrels. Oil prices were trading up ahead of the API data release, with Brent crude at $77.42 and WTI at $72.07.

via OilPrice.com|
#api#crude-oil#energy-markets
energy2 years ago

Oil Prices Rise Amid Inventory Declines and Supply Disruptions.

Oil prices are on the rise due to a supply disruption in Kurdistan and a significant drop in US inventories, with Brent approaching $80 per barrel. However, new US inflation data could derail this momentum. Meanwhile, the European Union has approved a bill to end sales of new carbon-emitting cars in 2035, and California has approved a regulatory cap on refining profits. Kazakhstan is suing its key producer for environmental protection fines, and QatarEnergy is buying stakes in Canadian offshore exploration blocks.

via OilPrice.com|
#energy#european-union#kurdistan