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1. • • Last Thursday's EIA report showed that (1) US crude oil inventories as of June 14 were -3.6% below the seasonal 5-year average, (2) gasoline inventories were -1.5% below the seasonal 5-year average, and (3) distillate inventories were -8.2% below the 5-year seasonal average.
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     Crude Prices Slide as the Dollar Strengthens | Nasdaq

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   Are US crude oil inventories below the seasonal average?

   • Last Thursday's EIA report showed that (1) US crude oil inventories as of June 14 were -3.6% below the seasonal 5-year average, (2) gasoline inventories were -1.5% below the seasonal 5-year average, and (3) distillate inventories were -8.2% below the 5-year seasonal average.

   Crude Prices Slide as the Dollar Strengthens

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   What are crude oil inventories?

   • The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.

   United States Crude Oil Inventories - Investing.com Canada

   ca.investing.com/economic-calendar/eia-crude-oil-inventories-75/

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   What was US crude oil production in the week ending June 14?

   • US crude oil production in the week ending June 14 was unchanged w/w at 13.2 million bpd, just below the recent record high of 13.3 million bpd. Baker Hughes reported last Friday that active US oil rigs in the week ending June 21 fell -3 rigs to a 2-1/3 year low of 485 rigs.

   Crude Prices Slide as the Dollar Strengthens

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   What happens if a decline in crude prices is less than expected?

   • The same can be said if a decline in inventories is less than expected. If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.

   United States Crude Oil Inventories - Investing.com Canada

   ca.investing.com/economic-calendar/eia-crude-oil-inventories-75/

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   What happens if crude inventories increase more than expected?

   • If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected. If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices.

   United States Crude Oil Inventories - Investing.com Canada

   ca.investing.com/economic-calendar/eia-crude-oil-inventories-75/

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   Why did crude prices rise 3% last week?

   • However, both benchmark crude contracts gained about 3% last week on signs of stronger oil products demand in the U.S., world's largest consumer, and as OPEC+ cuts kept supply in check.

   Oil eases as strong dollar weighs on commodities markets

   finance.yahoo.com/news/oil-extends-losses-strong-dollar-005306718.html

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3. www.theglobeandmail.com › investing › marketsCrude Prices Slip on Tepid Global Energy Demand - The Globe ...

   www.theglobeandmail.com › investing › markets

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   7 hours ago · Crude oil and gasoline prices Friday settled moderately lower. ... US crude oil inventories as of June 21 were -1.5% below the seasonal 5-year average, (2) gasoline inventories were -0.2% below ...

4. www.nbcnewyork.com › news › national-internationalOil prices bounce back as investors hope U.S. inventory data ...

   www.nbcnewyork.com › news › national-international

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   3 days ago · Oil prices pulled back Tuesday as the recent rally paused, but West Texas Intermediate and Brent are ahead 5.9% and 4.9% for the month as analysts expect summer fuel demand to pick up after a soft ...

5. www.inkl.com › news › crude-prices-finish-higher-onCrude Prices Finish Higher on the Outlook for Global… - inkl

   www.inkl.com › news › crude-prices-finish-higher-on

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   2 days ago · Wednesday's EIA report showed that (1) US crude oil inventories as of June 21 were -1.5% below the seasonal 5-year average, (2) gasoline inventories were -0.2% below the seasonal 5-year average, and (3) distillate inventories were -8.8% below the 5-year seasonal average. US crude oil production in the week ending June 21 was unchanged w/w at 13 ...

6. www.euronews.com › business › 2024/06/24Crude oil prices surge sparking concerns of raised inflation ...

   www.euronews.com › business › 2024/06/24

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   5 days ago · The two-week gains in crude oil prices represent a 7% increase for both Brent and WTI futures. The Brent futures expiring on 25 September jumped to as high as $86.24 per barrel, the highest seen ...

7. finance.yahoo.com › news › oil-extends-losses-strongOil prices rise on fuel demand expectations, easing US dollar

   finance.yahoo.com › news › oil-extends-losses-strong

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   5 days ago · U.S. crude settled at $81.63 a barrel, gaining 90 cents, or 1.1% Both benchmarks advanced about 3% last week for their second consecutive weekly upswing.

8. ca.investing.com › eia-crude-oil-inventories-75United States Crude Oil Inventories - Investing.com Canada

   ca.investing.com › eia-crude-oil-inventories-75

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   3 days ago · U.S. Crude Oil Inventories. The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation. If the increase in crude inventories is more ...