Sunday, May 24, 2026
U.S. crude oil inventories decrease by 2.0 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 5.0 million barrels

Weekly Crude Oil Storage as of May 15, 2020   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.0 million barrels from the previous week. At 526.5 million barrels, U.S. crude oil inventories are about 10% above the five year average for this time of year, according to the EIA crude oil and petroleum

Oil up on lower U.S. stocks, firmer demand- oil and gas 360

Oil up on lower U.S. stocks, firmer demand

Reuters LONDON – Oil prices firmed on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories, but worries over the economic fallout from the coronavirus pandemic and weak refining margins capped gains. Brent crude futures LCoc1 were up $1.33, or 3.84%, at $35.98 per barrel at 1348 GMT. U.S. West Texas Intermediate (WTI) July crude futures