U.S. crude inventories unexpectedly surged even as global oil prices climbed on Middle East supply disruptions.

Crude oil inventories in the United States increased by 6.2 million barrels during the week ending March 13, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday.

The American Petroleum Institute (API) recently released its latest figures on U.S. crude oil inventories, revealing a significant increase in stock levels. The latest data shows that crude inventories rose by 6.

Energy markets are facing another choppy week as oil prices move lower despite a notable draw in U.S. crude inventories. Conflicting signals from supply data, refinery activity and imports have kept investor sentiment cautious. At this time, we advise ...

April WTI crude oil (CLJ26) today is down -0.55 (-0.74%), and April RBOB gasoline (RBJ26) is up +0.0172 (+0.70%). Crude oil and gasoline prices are mixed today, with gasoline posting a 19.5-month high. Energy prices have been volatile today, whipsawed by ...

Crude oil futures finished little changed Wednesday as a much larger-than-expected build in U.S. crude stocks failed to ease worries about the threat to oil supply from a potential military conflict between the U.S. and Iran. A third round of nuclear ...

U.S. crude stockpiles have fallen more sharply than traders expected, and the surprise drawdown is already rippling through global energy markets. Oil benchmarks, which had been under pressure after a two day slide, are finding support as investors ...

April WTI crude oil (CLJ26) today is down -0.28 (-0.43%), and April RBOB gasoline (RBJ26) is up +0.0072 (+0.32%). Crude oil and gasoline prices are mixed today. Today's bearish EIA inventory report is weighing on crude oil prices. However, dollar ...

Global oil markets may be entering a fragile phase. Saudi Aramco, the world’s largest oil exporter, has warned that global crude inventories have fallen to their lowest level in about five years at a time when tensions in the Middle East are rising.

China’s current total onshore crude inventories are equivalent to about 115 days of the country’s total seaborne crude imports

Move comes as president attempts to mitigate rising price of oil while carrying out war on Iran