Crude Oil News
Crude oil is a naturally occurring liquid fossil fuel that serves as a primary global energy commodity.
US Crude Oil Stocks Fall Sharply
US commercial crude oil inventories decreased by approximately 4.5 million barrels last week, significantly exceeding market expectations of a 400,000-barrel drop. Strategic reserves and gasoline stocks also declined.
US crude oil stocks rise 100K barrels, below forecast
US commercial crude oil inventories rose by approximately 100,000 barrels last week, reaching 428.9 million barrels. This increase fell short of market expectations, which had predicted a rise of 1.6 million barrels.
OPEC oil output rose 1.66M bpd in July
OPEC's daily crude oil production rose by 1.659 million barrels in July compared to the previous month, reaching 23.632 million barrels.
Crude oil is a naturally occurring liquid fossil fuel that serves as a primary global energy commodity.