US crude inventories News

Oil Prices Surge Over 1% Amid US Inventory Concerns and Venezuelan Tariffs

Oil prices rose over 1% as the market reacts to a larger-than-expected drop in US crude inventories and new tariffs on Venezuelan oil imports, potentially affecting global supply.

Global Oil Prices Tumble 3% Amid Rising US Inventories and Economic Concerns

Oil prices fell by 3% following an increase in US crude inventories and concerns over the global economy. OPEC's production rise adds to the market's volatility, with significant d...

Trump's Remarks Cause Crude Oil Prices to Plummet to December Lows

Crude oil prices hit their lowest since December after President Trump's remarks on reducing oil prices and a report showing an increase in US crude inventories. WTI and Brent crud...

Global Oil Prices Dip 1% Amid New US-China Tariffs and Rising US Crude Inventories

Oil prices fell by 1% due to new US-China tariffs and a report showing an increase in US crude oil inventories. China's tariffs on US oil and energy products, alongside rising US i...

Oil Prices Dip Amid US-China Tariff Tensions and Rising US Crude Inventories

Oil prices fell due to US-China tariff tensions and a significant increase in US crude oil inventories. WTI and Brent crude prices both experienced a downturn, reflecting market co...

Surge in Oil Prices: A 1% Increase Driven by Shrinking US Inventories

Crude oil prices increased by over 1% following the EIA's report of a 4.2 million barrel decrease in US commercial crude oil inventories. The Baker Hughes rig count remained stable...