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	WTI Crude •45 mins	90.39	+0.71	+0.79%
	Brent Crude •45 mins	94.09	+0.80	+0.86%
	Murban Crude •15 mins	93.97	-0.37	-0.39%
	Natural Gas •45 mins	2.656	+0.017	+0.64%
	Gasoline •56 mins	2.562	+0.018	+0.72%
	Louisiana Light •2 days	90.61	-0.79	-0.86%
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Louisiana Light • 2 days	90.61	-0.79	-0.86%
Bonny Light • 2 days	94.55	-1.05	-1.10%
Opec Basket • 2 days	95.31	-0.42	-0.44%
Mars US • 41 mins	89.29	+0.91	+1.03%
Gasoline • 56 mins	2.562	+0.018	+0.72%

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	Marine •2 days	93.48	-0.21	-0.22%
	Murban •2 days	94.78	-0.89	-0.93%
	Iran Heavy •2 days	91.81	-0.90	-0.97%
	Basra Light •666 days	71.69	-3.60	-4.78%
	Saharan Blend •2 days	93.63	-1.07	-1.13%
	Bonny Light •2 days	94.55	-1.05	-1.10%
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Bonny Light • 2 days	94.55	-1.05	-1.10%
Girassol • 2 days	95.92	-0.63	-0.65%
Opec Basket • 2 days	95.31	-0.42	-0.44%

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	Canadian Crude Index •119 days	53.57	-1.23	-2.24%
	Western Canadian Select •16 hours	71.38	-0.35	-0.49%
	Canadian Condensate •16 hours	91.83	-0.35	-0.38%
	Premium Synthetic •16 hours	90.08	-0.35	-0.39%
	Sweet Crude •16 hours	85.88	-0.35	-0.41%
	Peace Sour •16 hours	84.18	-0.35	-0.41%
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Peace Sour • 16 hours	84.18	-0.35	-0.41%
Light Sour Blend • 16 hours	84.68	-0.35	-0.41%
Syncrude Sweet Premium • 16 hours	93.28	-0.35	-0.37%
Central Alberta • 16 hours	84.18	-0.35	-0.41%

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	Louisiana Light •2 days	90.61	-0.79	-0.86%
	Domestic Swt. @ Cushing •2 days	86.16	-0.35	-0.40%
	Giddings •2 days	79.91	-0.35	-0.44%
	ANS West Coast •6 days	95.41	-0.12	-0.13%
	West Texas Sour •2 days	85.56	-0.35	-0.41%
	Eagle Ford •2 days	86.16	-0.35	-0.40%
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Eagle Ford • 2 days	86.16	-0.35	-0.40%
Oklahoma Sweet • 2 days	86.25	-0.25	-0.29%
Kansas Common • 5 days	80.25	+0.25	+0.31%
Buena Vista • 6 days	95.08	-0.15	-0.16%

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All Charts

1 hour Oil Prices Rise As Crude Oil Inventories Build, Products Fall
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9 hours China Considers New Fees To Compensate Utilities For Building Coal Plants
11 hours Court Upholds Order To Expand Oil And Gas Lease Sale In The Gulf Of Mexico
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13 hours Goldman Sachs Ignores Activist Call To Abandon Oil And Gas
14 hours Trans Mountain Oil Pipeline Back On Track As Regulator Approves Route Change
15 hours France Announces Ambitious Plan To Cut Hydrocarbon Dependence And Emissions
1 day Occidental Won’t Increase Oil Output Despite Soaring Crude
1 day Chevron Getting Ready For New Oil Drilling In Venezuela
1 day Tajikistan Promises Green Hydrogen Production
1 day Egypt Seeks Exploration Bids For 23 Oil And Gas Blocks
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1 day The Spread Between Brent And WTI Has Aligned With Transatlantic Freight Costs
1 day Russia Lifts Ban On Low-Quality Diesel Exports
1 day U.S. Energy Storage Additions Hit A Record-High In Q2
1 day Harold Hamm Calls For Consistency In U.S. Oil And Gas Regulation
2 days South Korean Energy Major Begins Oil Production In South China Sea
2 days French Government Will Ask Fuel Industry To Sell At Cost
4 days JPMorgan Analyst Sees Energy Supercycle With Oil As High As $150
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4 days China Says Fossil Fuel Phase-Out Is Unrealistic
4 days Europe’s Natural Gas Prices Fall After Australian LNG Strikes End
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5 days Chevron LNG Workers End Strike
5 days Morgan Stanley Says All Oil Signals Flashing Tightness
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5 days Chevron Agrees To Terms That Could End Strike At LNG Facilities
5 days Subtropical Depression Threatens Northeastern U.S. This Weekend
5 days Iraq Discusses Natural Gas Investments With U.S. Firms
5 days Europe’s Natural Gas Prices Dip As Supply Concerns Ease

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Oil Prices Rise As Crude Oil Inventories Build, Products Fall

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Tom Kool

Tom Kool

Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com's Head of Operations

Latest articles from Tom

Qatar Sets Its Sights On Becoming The World’s Largest LNG Trader

Published 05 October 2022 | viewed 5,145 times

QatarEnergy will be the world’s largest trader of liquefied natural gas (LNG) in the next five to ten years, the company’s CEO Saad Al-Kaabi, who…
Oil Markets Are Set Up For A Bull Run

Published 04 October 2022 | viewed 15,553 times

After weeks of losses, oil markets appear to be set up for a rally as multiple bullish catalysts come together. The expected cut to OPEC+…
How OPEC+ Could Send Oil Prices Soaring Again

Published 27 September 2022 | viewed 12,196 times

WTI crude continues to trade below $80 per barrel, but the next OPEC+ meeting could yield a bullish surprise. Reader Update: Today, our lead analyst…
Oil Bears Beware, Crude Prices Could Soon Spike

Published 23 September 2022 | viewed 22,452 times

While sentiment in oil markets has been decidedly bearish in recent weeks, the risk of Russia escalating its war with Ukraine and news that China…
Norway Investigates Mysterious Drone Sightings Near Offshore Oil & Gas Fields

Published 22 September 2022 | viewed 17,101 times

The Norwegian police are investigating a number of sightings of unidentified drones in the vicinity of oil and gas platforms on the Norwegian Continental Shelf.The…
Macro Data Dominates Oil Markets

Published 20 September 2022 | viewed 4,557 times

Crude prices have been weighed down by a strong dollar and the anticipation of large interest rate hike, largely ignoring OPEC’s underproduction and the reopening…
Oil Under Pressure As Traders Await Fed Decision

Published 19 September 2022 | viewed 17,908 times

Pressured by a strong dollar and weaker demand forecasts, oil prices continued their way down on Monday morning after closing last week on a bearish…
Oil Prices Inch Lower On Hot Inflation Data

Published 13 September 2022 | viewed 7,334 times

Crude prices fell on Tuesday morning, ahead of the weekly crude inventory reports, as August inflation data came in hotter than expected. Chart of…
Oil Gains 2% As Iran Deal Fades, Market Eyes Tight Supply

Published 12 September 2022 | viewed 7,220 times

Oil prices pared some losses on Monday, with Brent gaining nearly 2% as a nuclear deal with Iran seemed to fade further away and markets…
Nigeria’s Oil Exports Plunge To Record Low

Published 12 September 2022 | viewed 11,170 times

Crude oil exports out of Nigeria plunged to below 1 million barrels per day (bpd), their lowest level on record, last month, oil export analytics…
Bearish Sentiment Builds In Oil Markets

Published 09 September 2022 | viewed 14,581 times

Bearish sentiment appears to be running rampant in oil markets, with OPEC+ production cuts and supply threats from Russia unable to significantly slow the oil…
Can OPEC+ Keep Oil Prices Above $90?

Published 06 September 2022 | viewed 47,697 times

Brent crude held above $90 per barrel at the beginning of the week after OPEC+ announced a tiny, symbolic output cut. Chart of the Week…
Oil Markets Spooked By China’s Lockdowns

Published 02 September 2022 | viewed 5,147 times

Crude prices bounced on Friday, recuperating some losses as China's COVID lockdowns become the main narrative in oil markets again. September 02, 2022. Chinese weakness…
Italian Oil Major Becomes Victim Of Ransomware Attack

Published 31 August 2022 | viewed 5,129 times

Italian oil major Eni reported a cyberattack on its computer networks on Wednesday. The attack appeared to be a ransomware attempt that has dealt only…
BP’s Indiana Refinery Restarts After Fire

Published 31 August 2022 | viewed 4,458 times

BP Plc’s Whiting, Indiana refinery has restarted production after being idled last week due to an electrical fire, Reuters reports, citing unnamed sources close to…
Oil Falls 5% On Growing Inflation Fears

Published 30 August 2022 | viewed 12,242 times

Crude prices fell more than 5% on Tuesday afternoon as a result of inflation fears and concerns about demand returned. Chart of the Week Can…
Iran Nuclear Deal Keeps Oil Markets On Edge

Published 26 August 2022 | viewed 14,098 times

Crude oil prices began to slip on Friday after Federal Reserve Chair Jerome Powell spoke for a mere 8 minutes, warning that there would be…
Russia’s Oil Production On Track For First Drop In Four Months

Published 24 August 2022 | viewed 5,012 times

Russian crude oil and condensate production has been 1.9% lower this month compared to July, and if the trend holds, August will be the first…
Bullish OPEC+ Rhetoric Sends Oil Prices Soaring

Published 23 August 2022 | viewed 28,961 times

Crude prices soared on Tuesday morning after OPEC+ leaked that it may decide to cut output once again if, and when Iran makes a full…
Disappointing Chinese Demand Takes Toll On Oil Prices

Published 16 August 2022 | viewed 29,330 times

Uncertainty about the Iran nuclear deal and disappointing Chinese crude demand and refinery throughput are creating headwinds for crude. Chart of the Week Can the…

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