Wednesday, July 8, 2026
Oil falls over $1 as demand worries outweigh MidEast supply risks- oil and gas 360

Oil falls over $1 as demand worries outweigh MidEast supply risks

Yahoo Finance Oil prices slipped more than $1 on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data from China and dimmed prospects of interest rate cuts stoked worries about global demand. Brent futures for June were down $1.21, or 1.3%, to $88.81 a barrel at 1330 GMT, while U.S. crude futures for May were down $1.11,

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

U.S. crude oil inventories increase by 2.7 million barrels

Weekly Crude Oil Storage as of April 12, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.7 million barrels from the previous week.  At 460.0 million barrels, U.S. crude oil inventories are 1% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,