Tuesday, June 23, 2026
Oil rises after surprise drop in U.S. inventories offsets demand concerns-oil and gas 360

Oil rises after surprise drop in U.S. inventories offsets demand concerns

CNBC Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere. Brent crude futures were up by 49 cents, or 1.13%, at $43.71 a barrel, after dropping 0.4% on Tuesday. West Texas Intermediate crude

U.S. crude oil inventories decrease by 2.0 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 10.6 million barrels

Weekly Crude Oil Storage as of July 24, 2020   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 10.6 million barrels from the previous week. At 526.0 million barrels, U.S. crude oil inventories are about 17% above the five year average for this time of year, according to the EIA crude oil and petroleum