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1. www.reuters.com › markets › commoditiesOil prices rise on deep weekly draw in US crude inventories

   www.reuters.com › markets › commodities

   4 days ago · Oil prices gained about 1% on Wednesday after a larger-than-expected decline in U.S. crude stocks, but gains were capped by concerns about rising global inventories in thin trading ahead of the U ...

2. oilprice.com › Energy › Energy-GeneralOil Prices Surge as Geopolitical Risk and Crude Demand Both Rise

   oilprice.com › Energy › Energy-General

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   4 days ago · Geopolitical tensions in the Middle East, an unexpectedly large draw in U.S. crude inventories, and optimistic forecasts for summer fuel demand have all contributed to pushing prices higher.

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4. www.investopedia.com › watch-these-key-wti-oilWatch These Key WTI Oil Price Levels As Chart Signals ...

   www.investopedia.com › watch-these-key-wti-oil

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   5 days ago · Buyers would likely defend a key horizontal line around $60 that connects a series of prices between July 2019 and April 2021. Finally, a failure to hold the above level could see a steeper ...

5. www.ft.com › content › 67eafb4a-e4e8-442a-a52d-66afOil prices rally as peak driving season gets under way

   www.ft.com › content › 67eafb4a-e4e8-442a-a52d-66af

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   5 days ago · A weekly report from the US Energy Information Administration showed that commercial inventories of crude oil fell by 12.2mn barrels compared with the previous week, as refineries stepped up to...

6. oilprice.com › Energy › Crude-OilOil Prices Rise As EIA Confirms Huge Crude Draw

   oilprice.com › Energy › Crude-Oil

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   4 days ago · Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory decline of 12.2 million barrels for the week to June 28.

7. www.reuters.com › markets › commoditiesOil prices slip after data points to cooling U.S. economy

   www.reuters.com › markets › commodities

   4 days ago · Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories.

8. People also ask

   Why did oil prices rise on Wednesday?

   • Oil prices steadied on Wednesday after trading higher as industry data showed a bigger-than-expected draw in U.S. crude stockpiles, with gains capped by economic headwinds from China and the euro zone.

   Oil prices steady after large U.S. crude inventory draw

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-steady-after-large-us-crude-inventory-draw/

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   Did a decline in crude oil save a sell off?

   • However, gasoline inventories rose by 2.468 million barrels, and distillates fell by 740,000 barrels. “This decline in crude levels might just have saved more of a sell off after the hurricane news,” PVM Oil analyst John Evans said in a note.

   Oil prices steady after large U.S. crude inventory draw

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-steady-after-large-us-crude-inventory-draw/

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   What happened to crude stocks?

   • Those gains followed a larger than expected decline in U.S. crude stocks. The U.S. Energy Information Administration (EIA) reported a 12.2 million draw in inventories. Analysts polled by Reuters had expected a draw of 680,000 barrels.

   Brent crude trades above $87, sets highest levels since April

   www.reuters.com/markets/commodities/oil-prices-slip-after-data-points-cooling-us-economy-2024-07-04/

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   Why did the price of oil fall sharply in June?

   • The price of oil fell sharply at the beginning of June after members of Opec+ said they would gradually try to reintroduce 2.2mn barrels of cut production back into the market, starting from September.

   Oil trades at two-month high ahead of peak driving season

   www.ft.com/content/67eafb4a-e4e8-442a-a52d-66af77a3baaf

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9. www.theglobeandmail.com › business › industry-newsOil prices steady after large U.S. crude inventory draw

   www.theglobeandmail.com › business › industry-news

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   5 days ago · Oil prices steadied on Wednesday after trading higher as industry data showed a bigger-than-expected draw in U.S. crude stockpiles, with gains capped by economic headwinds from China and the...