Tuesday, June 16, 2026
Oil prices ease on U.S. inventory build, China COVID worries- oil and gas 360

Oil prices ease on U.S. inventory build, China COVID worries

Yahoo Finance NEW YORK – Oil prices dropped by about $2 a barrel on Wednesday after industry data showed that U.S. crude stockpiles rose more than expected and on concerns that a rebound in COVID-19 cases in top importer China would hurt fuel demand.   Brent crude futures were down $2.01, or 2.1%, to $93.35 a barrel by 10:53 a.m.

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

U.S. crude oil inventories increase by 3.9 million barrels

Weekly Crude Oil Storage as of November 4, 2022   Preview (opens in a new tab) U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.9 million barrels from the previous week.  At 440.8 million barrels, U.S. crude oil inventories are about 3% below the five year average for this time of year, according to