Oil jumps on declining inventories - Breaking The News
Download our appPlay StoreApp Store
Download our appPlay StoreApp Store

Oil jumps on declining inventories

Business
Christian Baha / AM

1 min read

Oil prices jumped on Wednesday afternoon following a report from the U.S. Energy Information Agency (EIA) that showed oil inventories continued to decline.

WTI oil for November delivery rose 1.28% to $49.89 per barrel (5:10 p.m. CET), continuing an upward price trend for the sixth day in a row. Brent for December delivery gained 1.32% to $51.98 per barrel (5:13 p.m. CET), also continuing to rise for the sixth consecutive day.

U.S. oil inventories decreased by 3.0 million barrels in the week ending September 30 to 499.7 million barrels, EIA reported on Wednesday. American Petroleum Institute said yesterday U.S. inventories saw a drop of 7.6 million barrels.

APIoil inventoriescrude stockseia
Related Stocks
F WBS
Brent Crude (ICE)
Related News
US oil inventories reportedly up by 6M barrels
Crude oil inventories in the United States increased by 6.037 million barrels in the week that ended April 1, private data from the American Petroleum Institute (API) reportedly showed on Tuesday.Distillate inventories are said to have decreased by 11,000 barrels, and gasoline stockpiles fell by 1.6 million barrels. During the corresponding week, reserves in Cushing, allegedly jumped by 2.244 million barrels.
EIA: US natural gas inventories up by 37 Bcf
Working natural gas in storage across the United States increased by 37 billion cubic feet (Bcf) in the week ending March 21 compared to the week prior to land at 1,744 Bcf, the Energy Information Administration (EIA) revealed in its report published on Thursday.At the same time, stocks fell by 557 Bcf compared to the same period last year and stood 122 Bcf lower than the 5-year average of 1,866 Bcf. The total working gas storage remains within the...
EIA: US crude inventories down by 3.4M barrels
Commercial crude oil inventories in the United States, not considering those in the Strategic Petroleum Reserve (SPR), went down by 3.34 million barrels to 433.6 million barrels in the week ending March 21, the Energy Information Administration (EIA) stated in its report published on Wednesday.Oil refinery inputs averaged 15.8 million barrels per day (bpd) during the same week, decreasing by 87,000 bpd compared to the previous week's average. Refineries...
US oil inventories reportedly down by 4.6M barrels
Crude oil inventories in the United States decreased by 4.6 million barrels in the week ending March 25, the American Petroleum Institute's (API) private data reportedly showed on Tuesday.On the other hand, those of distillates were said to have declined by 1.35 million barrels. Gasoline stockpiles were reported to have dropped by 3.28 million barrels. Reserves in Cushing, Oklahoma, allegedly dipped by 1.41 million barrels.
About
Contact Us

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.