(Reuters) – Oil prices ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks. Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S. West Texas Intermediate (WTI) crude rose 31 cents, or 0.4%, to $83.16. Brent climbed 1.6% on Wednesday, and WTI rose 2.6%. […]

(Bloomberg) — Oil edged up after a three-day drop as an industry estimate pointed to another decline in US crude stockpiles and prices appeared to find some technical support. Most Read from Bloomberg Brent climbed back above $84 a barrel. US crude stockpiles shrank by 4.4 million barrels last week, the American Petroleum Institute reported, […]

(Bloomberg) — Oil climbed for a second day as signs of growing demand and a risk-on tone across broader markets combined to aid sentiment. Most Read from Bloomberg Global crude benchmark Brent advanced toward $86 a barrel after posting a 0.5% gain on Wednesday, with West Texas Intermediate near $83. Nationwide US stockpiles fell by […]

(Bloomberg) — Oil held near a two-month high after a government report showed US crude inventories shrinking by the most in almost a year. Most Read from Bloomberg West Texas Intermediate was little changed near $83 a barrel after the Energy Information Administration reported a 12.2 million-barrel decline in US oil stockpiles, the biggest drop […]

By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, while the market kept tabs on flaring tensions in the Middle East. Brent crude futures edged up 46 cents, or 0.5%, to $86.70 per barrel at 0645 GMT. U.S. West Texas Intermediate crude futures […]

By Emily Chow SINGAPORE (Reuters) -Oil prices rose on Thursday as falling U.S. crude inventories amid rising refinery intake and a year-on-year increase in Chinese imports last month supported higher demand expectations for the world’s two largest crude consuming nations. Brent crude futures for July rose 27 cents, or 0.3%, to $83.85 a barrel by […]

Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Olga Rolenko | Moment | Getty Images U.S. crude oil fell for the third consecutive trading session on Wednesday, dipping […]

(Reuters) -Oil prices were little changed on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of supplies from the Middle East, offsetting a bigger-than-expected build in U.S. crude inventories. Brent crude futures were up marginally at $89.49 per barrel at 0330 GMT, while U.S. […]

(Bloomberg) — Oil fell after US crude inventories increased the most since November, swelling even more than an industry-funded report had indicated they would. Most Read from Bloomberg West Texas Intermediate slipped below $78 a barrel after earlier rising as much as 1.2%. US crude stockpiles increased 12 million barrels last week, bringing inventories to […]

A pump jack operates in the Permian Basin oil production area near WinkReuters The US set a new record exporting 3.99 million barrels a day of crude oil in first half of 2023. That’s up 19% from the same time a year ago, EIA data shows. It comes as non-OPEC production has been whittling down […]

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