Friday, August 7, 2026
Oil rises despite surprise U.S. stock build weighs- oil and gas 360

Oil rises despite surprise U.S. stock build weighs

Reuters LONDON  – Oil prices firmed on Wednesday amid continued outages in the United States and a weaker dollar, even though U.S. inventories last week rose unexpectedly. Brent crude futures gained $1.19, or 1.8%, to $66.56 a barrel at 1511 GMT, after hitting a session low of $64.80. U.S. West Texas Intermediate (WTI) crude futures were up $1.09, or 1.8%,

U.S. crude oil inventories decrease by 6.1 million barrels- oil and gas 360

U.S. crude oil inventories increase by 1.3 million barrels

Weekly Crude Oil Storage as of February 19, 2021   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.3 million barrels from the previous week. At 463.0 million barrels, U.S. crude oil inventories are about 0% below the five year average for this time of year, according to the EIA crude oil and petroleum