crude inventories News

Oil Prices Drop Over 1% as US Inventories Rise and OPEC+ Considers Production Boost

Oil prices fell over 1% on Thursday due to unexpected US crude inventory increases and speculation about OPEC+ considering production boosts. WTI dropped to $63.10 while Brent decl...

Oil Prices Plummet Over 1.5% as U.S. Crude Inventories Unexpectedly Surge

Oil futures tumbled after API data showed a 1.51 million barrel increase in U.S. crude inventories, with WTI and Brent prices dropping over 1.5%. Market watchers are now anticipati...

Global Oil Demand Growth Slows: WTI Prices Plummet 4% Amid IEA Forecasts

WTI prices fell over 4% as the IEA predicts slower global oil demand growth for 2025 and 2026, alongside unexpected increases in US crude inventories raising supply concerns.

Trump's Remarks Send Oil Prices Plummeting to December Lows

Crude oil prices have fallen to their lowest since December after President Trump's remarks on reducing oil prices and a report showing a significant increase in U.S. crude invento...

Trump's Bold Move Sends Oil Prices Tumbling to December Lows

Crude oil prices have fallen to their lowest since December after President Trump announced plans to reduce oil prices, coupled with a significant increase in US crude inventories.