American Petroleum Institute — industry organization that noted petrol prices do not move in lockstep with crude oil during Trump's price-gouging investigation.
… US crude oil and gasoline inventories fell, while distillate stocks rose marginally last week, market sources said on Tuesday, citing data from the American Petroleum Institute. …
… ince May 19 on Tuesday, as the Yanbu loading suspension stoked supply concerns and Saudi Arabia cut oil shipments to Europe U.S. crude oil, gasoline and distillate inventories all rose last week, market sources said on Tuesday, citing data from the American Petroleum Institute …
… U.S., the world’s largest oil producer, crude inventories fell by 2.6 million barrels in the week ended August 28, while distillate stocks, which include diesel and heating oil, declined by 265,000 barrels, market sources said, citing data from the American Petroleum Institute …
… In the U.S., the American Petroleum Institute reported that crude oil inventories rose by about 4.2 million barrels in the week ended August 21, market sources said. …
… In the U.S., crude oil and distillate inventories fell, while gasoline stocks rose last week, market sources said on Tuesday, citing data from the American Petroleum Institute. …
… However, market sources citing American Petroleum Institute data said U.S. crude inventories rose sharply in the week ended August 7, while gasoline and distillate stocks fell. …
… U.S. crude inventories fell by about 3.3 million barrels in the week ended July 24, market sources said on Tuesday, citing data from the American Petroleum Institute. …
… Data from the American Petroleum Institute showed that U.S. crude and distillate inventories rose last week, while gasoline stockpiles fell, market sources said. …
Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions in the Gulf of Mexico and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose to $101.51 a barrel and US WTI crude rose to $90.25, with the storm potentially affecting six refineries that account for about 50% of US national refining capacity.
Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions in the Gulf of Mexico and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose to $101.51 a barrel and US WTI crude rose to $90.25, with the storm potentially affecting six refineries that account for about 50% of US national refining capacity.
Oil prices fell on Wednesday after U.S. crude inventories rose unexpectedly by 7.1 million barrels, contrary to analyst expectations for a draw of 1.6 million barrels. Brent crude fell 0.86% to $107.82 a barrel and U.S. West Texas Intermediate fell 0.92% to $104.86 a barrel, as investors assessed supply risks following Saudi Arabia's suspension of oil loadings at Yanbu port after an attack on its East-West pipeline.
Oil prices extended gains on Wednesday following overnight strikes between the U.S. and Iran, with Brent crude rising 0.8% to $95.40 a barrel and WTI climbing 0.5% to $90.66, as concerns over supply disruptions through the Strait of Hormuz intensified.
Oil prices dropped about 2% on Wednesday after Iran said it had resumed talks with Oman on managing the Strait of Hormuz, a strategic waterway that handled one-fifth of global oil and liquefied natural gas shipments before the war began in February. The two countries discussed a joint temporary navigational corridor through the strait and agreed to clear it of mines.
Oil prices climbed for a fourth straight day as investors weighed conflicting statements from Tehran and Washington on whether the Strait of Hormuz is open to shipping. Brent crude futures rose 0.29% to $91.28 a barrel, while U.S. West Texas Intermediate crude futures were up to $85.31 a barrel, amid a lapsed ceasefire agreement between the U.S. and Iran.
Oil prices climbed on Wednesday as doubts over a U.S.-Iran peace deal and attacks on ships in the Middle East heightened supply concerns, with Brent futures gaining 0.81% to $89.63 a barrel and U.S. WTI crude rising 0.85% to $83.91.
Oil prices rose more than $3 a barrel on Wednesday after joint strikes in Iraq by the United States and Saudi Arabia and the interception of Iran's ballistic missiles aimed at U.S. forces in the Middle East. Brent futures increased 3.9% to $87.39 a barrel, while U.S. WTI crude rose 3.8% to $82.31 a barrel.
Brent crude futures rose 0.55% to $91.51 and U.S. West Texas Intermediate climbed 0.36% to $84.64 after U.S. forces struck Iranian military targets for the 11th straight night and Kuwait reported Iranian drone attacks. Fears of supply disruptions intensified as Yemen's Houthis threaten to target vessels carrying Saudi oil in the Red Sea.
Oil prices rose nearly 2% after the U.S. military launched airstrikes against Iran and reimposed crude sales sanctions in response to Iranian attacks on commercial vessels in the Strait of Hormuz, raising concerns about supply disruptions and the fragility of a recent U.S.–Iran truce.
Global benchmark Brent crude has fallen below $72.48 a barrel, the price before US and Israel launched attacks on Iran on 28 February, as traffic through the Strait of Hormuz resumes following a US-Iran Memorandum of Understanding on 17 June for nuclear negotiations and measures to end the war.
US President Donald Trump has ordered an investigation into major energy companies, accusing them of failing to cut fuel prices proportionally after wholesale oil costs fell in global markets. He said petrol prices have not fallen "a lot faster," while the American Petroleum Institute noted that petrol prices do not move in lockstep with crude oil.
Oil prices fell more than 1% on Wednesday, extending weekly losses and trading near four-month lows, as signs emerged that stranded tankers in the Gulf are set to move through the Strait of Hormuz. Prices also came under pressure from Washington's 60-day sanctions waiver allowing Iran to sell oil and easing hostilities in Lebanon.
Brent crude fell 5.1% to $78.96 a barrel and U.S. WTI fell 5.8% to $76.05 on Tuesday, reaching their lowest levels since March, as details emerged of an interim deal to end the Middle East war and reopen the Strait of Hormuz, including an agreement allowing Iran to sell oil.
Oil prices climbed Wednesday after the U.S. military struck Iranian targets in response to the downing of a U.S. Apache attack helicopter, and as U.S. crude stockpiles posted another large draw. Brent futures rose 0.7% to $92.11 a barrel and U.S. West Texas Intermediate crude climbed 0.7% to $88.80.
Oil prices fell on Wednesday after U.S. President Donald Trump asserted the war with Iran will end "very quickly," though investors remain cautious about peace talks and Middle East supply disruptions. Brent crude fell 0.8% to $110.40 a barrel and U.S. West Texas Intermediate fell 0.6% to $103.48.