inventories

Oil prices stabilize as US fuel inventories rise – Trendy Blogger

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Oil prices stabilize as US fuel inventories rise – Trendy Blogger

Oil prices remained relatively stable on Thursday, as strong expectations for winter fuel demand were offset by rising US fuel inventories and broader economic concerns. Brent crude futures fell six cents to $76.1 a barrel, while US West Texas Intermediate crude fell five cents to $73.27. Both crudes fell more than 1% on Wednesday due … Read more

Oil declines after a surprise increase in US gasoline inventories – Trendy Blogger

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Oil declines after a surprise increase in US gasoline inventories – Trendy Blogger

Oil prices fell on Wednesday, as a surprisingly large increase in US gasoline inventories overshadowed easing supply concerns resulting from the ceasefire agreement between Israel and Hezbollah. Brent crude futures fell 12 cents, or 0.2%, to $723.69 a barrel by 10:40 a.m. EDT (1540 GMT), and US West Texas Intermediate crude fell 15 cents, or … Read more