but gasoline and distillate stockpiles climbed by more than 6 million barrels each. Myra P. Saefong, assistant global markets editor, has covered the commodities sector for MarketWatch for 20 years.

Distillate inventories also declined, while gasoline stockpiles rose during the week to Jan. 17, the EIA said. Crude inventories fell by 1 MMbbl to 411.7 MMbbl, marking the ninth consecutive weekly ...

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who also cited support from US lower stockpiles. Some traders had been reversing bets on falling prices, or short-covering, he said. In its monthly market snapshot on Wednesday, the IEA said the ...

Analysts surveyed by The Wall Street Journal had forecast crude stockpiles would be down by 1.1 million barrels. Oil held in the SPR rose by 500,000 barrels to 394.3 million barrels. Oil stocks at ...

Oil prices shot up Wednesday by more than 3% on fears of low US stockpiles and the lingering effect of US sanctions on Russia’s oil complex, an industry analyst told Upstream. Meanwhile ...

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Analysts surveyed by The Wall Street Journal had forecast crude stockpiles would be down by 1.1 million barrels.

(Reuters) -Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia, while a Gaza ...

Oil prices were little changed on Wednesday, after falling the previous day, as a dip in U.S. crude stockpiles and expectations of supply disruptions from sanctions on Russian tankers lent support ...