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Oil Prices Jumps despite Rising US Inventories


Thu 03 Oct 2024 | 12:07 AM
Oil Prices Loom amid Anticipation of Additional US Strategic Petroleum Reserves
Oil Prices Loom amid Anticipation of Additional US Strategic Petroleum Reserves
Taarek Refaat

Crude oil prices Hiked Wednesday, even though the U.S. Energy Information Administration reported an estimated inventory build of 3.9 million barrels for the week to September 27, driven by the latest escalation in the Middle East.

The inventory change compared with a draw of 4.5 million barrels for the previous week, which also saw declines in fuel inventories.

WTI CRUDE 70.96 +1.13 +1.62% 

BRENT CRUDE 74.67 +1.11 +1.51% 

MURBAN CRUDE 74.63 +0.90 +1.22% 

NATURAL GAS 2.909 +0.013 +0.45% 

GASOLINE 2.013 +0.046 +2.34% 

LOUISIANA LIGHT 73.01 +1.76 +2.47%