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USA crude oil rose 0.8% on Wednesday, ending a three-day losing streak.
On the morning of the 25th of Beijing time, US WTI crude oil rose on Wednesday. The decline in US crude oil inventories and the possibility of Canadian wildfires disrupting crude oil supplies supported oil prices. The September delivery price of WTI futures of West Texas Intermediate crude oil (WTI) on the New York Mercantile Exchange rose by $0.63, or about 0.82%, to $77.59 per barrel. Analysts said that US crude oil futures broke the previous three-day decline due to the decrease in inventory, the increase in gasoline demand, and the increased risk of supply interruption caused by Canadian wildfires. Energy Information Administration (EIA) of the US.
EIA: U.S. crude oil inventory decreased by 3.741 million barrels last week, with a median estimate of a decrease of 2.837 million barrels.
The US Energy Information Administration (EIA) Inventory Report also showed the following changes last week: gasoline inventories decreased by 5.572 million barrels, with an estimated increase of 1 million barrels. Distillate inventories decreased by 2.753 million barrels, with an estimated increase of 1 million barrels. Cushing crude oil inventories decreased by 1.708 million barrels. Refinery utilization rate decreased by 2.1 percentage points, with an estimated decrease of 0.5 percentage points. Crude oil imports decreased by 0.166 million barrels per day.
International crude oil prices remained basically unchanged on Thursday.
On the morning of the 19th of Beijing time, international crude oil futures prices were basically stable on Thursday. The market is evaluating the impact of the continuous decline in US crude oil inventories and the outlook for US energy demand on future oil prices. The August WTI crude oil futures contract delivered by the New York Mercantile Exchange fell by $0.03, or 0.04%, to settle at $82.82 per barrel. The September Brent crude oil futures contract delivered by the European Intercontinental Exchange rose by $0.03, or 0.04%, to settle at $85.11 per barrel. Bart, the director of commodities strategy at TD Securities.
On Wednesday, crude oil in the USA increased by 2.5%.
On the morning of the 18th Beijing time, US WTI crude oil futures rose 2.5% on Wednesday. The sharp drop in US crude oil inventories and the weakening of the US dollar boosted oil prices. The futures price of West Texas Intermediate (WTI) crude oil delivered in August on the New York Mercantile Exchange rose by $2.09, or more than 2.52%, to $82.85 per barrel, the highest closing price since June 17. On Wednesday, the US Energy Information Administration (EIA) reported that US crude oil inventories for the week ending July 12 decreased by 4.9 million barrels, far higher than the analyst average expected decrease of 0.3 million barrels. Prior to this, the unofficial American Petroleum Institute
Crude oil prices on Wednesday in the USA rose sharply, breaking through $82 per barrel.
On the morning of the 11th of Peking Time, the American WTI crude oil closed higher on Wednesday. The decrease in US crude oil inventories and the Organization of the Petroleum Exporting Countries(OPEC)'s forecast for strong economic growth this year supported oil prices. The West Texas Intermediate(WTI) crude oil futures for August delivery on the New York Mercantile Exchange rose 69 cents, or 0.85%, to settle at $82.10 a barrel. The Brent crude oil futures for September delivery on the Intercontinental Exchange in Europe rose 42 cents, or 0.5%, to settle at $85.08 a barrel. The Energy Information Administration(EIA) of the United States
U.S. Energy to Sell South Texas Assets for $6.5M in Cash
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