Sunday, September 28, 2025
Oil slumps as interest rate hikes outweigh lower U.S. oil supplies- oil and gas 360

Oil slumps as interest rate hikes outweigh lower U.S. oil supplies

CNBC Oil futures fell on Thursday, after trader concerns over the impact of a bigger-than-expected Bank of England rate hike outweighed a surprise draw in U.S. oil supplies. Brent futures were down $2.65, or 3.4%, to $74.47 a barrel and U.S. West Texas Intermediate (WTI) crude futures were down $2.69, or 3.7%, at $69.84.   The benchmarks erased gains from the

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 95 Bcf

Natural Gas Inventories as of June 16, 2023 The EIA has released its natural gas inventory report, showing a net increase of 95 Bcf as of June 16, 2023. Working gas in storage was 2,729 Bcf as of Friday, June 16, 2023, according to EIA estimates. This represents a net increase of 95 Bcf from the previous week. Stocks were

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

U.S. crude oil inventories decrease by 3.8 million barrels

Weekly Crude Oil Storage as of June 16, 2023     U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.8 million barrels from the previous week.  At 463.3 million barrels, U.S. crude oil inventories are at the five year average for this time of year, according to the EIA crude oil and petroleum weekly