Monday, June 2, 2025
Oil edges up to $42, eyeing Libya and U.S. inventories- oil and gas 360

Oil edges up to $42, eyeing Libya and U.S. inventories

Reuters LONDON – Oil edged up to around $42 a barrel on Wednesday, supported by rising investor risk appetite and a report that U.S. fuel inventories fell, although rising crude supply and concern of stalling demand capped gains. European equities rose after better-than-expected German manufacturing data, giving oil a boost. The American Petroleum Institute said U.S. inventories of gasoline and

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

U.S. crude oil inventories decrease by 1.6 million barrels

Weekly Crude Oil Storage as of September 18, 2020   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.6 million barrels from the previous week. At 494.4 million barrels, U.S. crude oil inventories are about 13% above the five year average for this time of year, according to the EIA crude oil and petroleum