Saturday, September 27, 2025
Oil steadies as U.S. inventory fall tempers demand woes- oil and gas 360

Oil steadies as U.S. inventory fall tempers demand woes

Reuters LONDON – Oil prices were broadly steady on Wednesday as rising global COVID-19 cases took the shine off an earlier rally spurred by a bigger-than-expected drop in U.S. crude inventories. Brent crude prices were up 11 cents, or 0.2%, at $56.69 a barrel by 1311 GMT. Prices rose as far as $57.42 a barrel earlier in the session, the

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 3.2 million barrels

Weekly Crude Oil Storage as of January 8, 2021   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.2 million barrels from the previous week. At 482.2 million barrels, U.S. crude oil inventories are about 8% above the five year average for this time of year, according to the EIA crude oil and petroleum