Friday, January 9, 2026
Oil edges higher on inventory draw and equities rally- oil and gas 360

Oil edges higher on inventory draw and equities rally

(Investing)– Oil prices edged up on Thursday after falling in the previous session, boosted by a bigger than expected draw in U.S. crude stockpiles and a broader equities rally. Brent crude futures were up 43 cents, or 0.7%, at $63.94 a barrel by 1400 GMT. U.S. West Texas Intermediate crude futures gained 42 cents, or 0.7%, to $59.86. Both benchmarks rebounded

Oil falls sharply after report of US proposal to end Russia-Ukraine war- oil and gas360

Oil falls sharply after report of US proposal to end Russia-Ukraine war

(Investing) – LONDON-Oil prices fell sharply on Wednesday after a report of a U.S. proposal to end the Russian war in Ukraine and as oversupply concerns continued to weigh on prices. Brent crude futures fell $1.72, or 2.65%, to $63.17 a barrel by 1421 GMT after gaining 1.1% the previous session. U.S. West Texas Intermediate crude futures were down $1.65, or 2.72%,