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Sunday 18 May 2025
Last Updated : GMT 06:49:16
Arab Today, arab today
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Abhishek Kumar

EIA: US oil, gasoline stockpiles fall

Arab Today, arab today EIA: US oil, gasoline stockpiles fall275102/90
New York - Arab Today
US crude oil and gasoline stockpiles fell last week, while distillate inventories rose, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell 2.5 million barrels in the week to June 16, surpassing analysts’ expectations for a decrease of 2.1 million barrels, as imports rose marginally by 56,000 barrels per day (bpd). Crude stocks at the Cushing, Oklahoma, deliveryRead more

Oil pulls back after brief rally

Arab Today, arab today Oil pulls back after brief rally240756/90
New York - Arab Today
Oil turned negative Wednesday, as falling gasoline futures weighed down crude prices on concerns that oversupply in the US would limit the effect of the Organization of the Petroleum Exporting Countries’ (OPEC) record compliance with its supply-cut accord. US crude stocks rose 9.5 million barrels last week, the US Energy Information Administration (EIA) said, nearly three times more than forecast,Read more

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