17-07-2025
- Business
- Wall Street Journal
Oil Rises, Aided by Unexpected Fall in U.S. Crude Inventories
0007 GMT — Oil rises in early Asian trade, aided by an unexpected fall in U.S. crude inventories. EIA data released overnight showed commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by 3.9 million barrels in the week ended July 11. A WSJ survey of analysts had tipped crude stockpiles to be unchanged. Despite this decline in U.S. crude inventories, however, the recent build in oil-product stockpiles has raised worries about softening demand from summer travel, ANZ Research analyst say in a note. Front-month WTI crude oil futures are 0.5% higher at $66.71/bbl; front-month Brent crude oil futures are 0.4% higher at $68.77/bbl. (
