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US oil reserves
News update regarding US oil reserves.
US crude oil inventories fell by 913,000 barrels, while gasoline and diesel inventories also dropped sharply.
U.S. crude oil and fuel inventories fell sharply last week as exports surged and imports hit record lows amid volatile global supply.
Market
US crude oil and gasoline inventories fell sharply, while Brent crude oil prices remained at $95.08.
A report from the U.S. Energy Information Agency (EIA) shows a sharp decline in gasoline inventories as imports hit record lows due to the impact of the conflict in the Strait of Hormuz.
US crude oil inventories rose to a three-year high of 464.7 million barrels.
The EIA report showed that U.S. commercial crude oil inventories rose by 3.1 million barrels, exceeding forecasts. However, fuel reserves fell sharply due to increased international demand.
US crude oil inventories surged by 16 million barrels, the highest level since the beginning of 2023.
A report from the U.S. Energy Information Agency (EIA) shows a sharp increase in crude oil inventories to 435.8 million barrels, far exceeding forecasts due to declining refinery activity and increased imports.
Brent crude oil prices fell 2.71% to $67.52 a barrel as US inventories surged.
World crude oil prices fell by more than 2.7% after the IEA lowered its forecast for global demand and US inventory data showed a sharp increase, far exceeding market expectations.
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