US crude inventories Archives

Oil prices jump over 7% as Middle East chaos flares up, brent crude back at $90 per barrel

Daily Informer2 hours ago03 mins

Oil prices rallied sharply on Wednesday, with benchmark crude contracts gaining over 7%, after a fresh wave of military action in the Middle East reignited concerns over global oil supplies. The rally was also supported by industry data showing a drawdown in US crude inventories.Around 9 pm IST, Brent crude rose $6.28, or 7.47%, to…

Crude prices climb over 4% as renewed Middle East tensions, inventory draw fuel supply fears

Daily Informer21 hours ago03 mins

Oil prices rebounded sharply on Wednesday, reversing part of the previous session’s steep decline, as renewed tensions in the Middle East reignited concerns over global crude supplies. Lower US crude inventories and expectations around OPEC+ production policy also lent support to the market.Brent crude climbed 4.41% to $87.80 a barrel, gaining $3.71, while US West…

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US crude inventories

Oil prices jump over 7% as Middle East chaos flares up, brent crude back at $90 per barrel

Crude prices climb over 4% as renewed Middle East tensions, inventory draw fuel supply fears