… 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. …
… The American Petroleum Institute (API), which represents the oil and gas industry in the US, said petrol prices “don’t move in lockstep with crude oil”. …
… Meanwhile, crude stocks fell by 765,000 barrels in the week ended June 19, market sources said, citing data from the American Petroleum Institute released on Tuesday. …
… Meanwhile, U.S. crude oil inventories fell last week for an eighth consecutive week, according to market sources citing data from the American Petroleum Institute released on Tuesday, while gasoline stocks also declined. …
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 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.