Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
20 March 2025 | Oil

Oil prices rise following release of US inventories data

Brent
WTI Light Crude Oil
Oil prices rise following release of US inventories data

As reported by Reuters, oil prices edged up in early trading on Thursday on a drop in US fuel inventories and an escalation of tensions in the Middle East.

Brent and WTI prices settled up 0,57% and 0,51%, respectively, due to a higher-than-expected drawdown in US distillate inventories. They fell by 2.8 million barrels, according to the US Energy Information Administration. Experts surveyed by the agency had forecasted a 300,000-barrel drop.

Meanwhile, US oil inventories surged by 1.7 million barrels, exceeding the 512,000-barrel increase expected by respondents, Reuters notes.

According to the Wall Street Journal, Chevron asked the administration of US President Donald Trump for a 60-day extension of the license to pump oil in Venezuela.

Elena Dorokhina MarketCheese

Recommended

United States. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 110.5K to 75.7K
Yesterday at 7:30 PM
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator remained at the same level of 445
Yesterday at 6:51 PM
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 580 to 581
Yesterday at 5:10 PM
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 0.709M to -0.052M
8 July
United States. Crude Oil Inventories. The value of the indicator has increased from -3.775M to 2.998M
8 July
Top news
United States. Trade Balance. The value of the indicator has decreased from $-54.6B to $-77.6B
7 July
European Union. Retail Sales (MoM). The value of the indicator has increased from -0.3% to 0.2%
6 July
United States. Nonfarm Payrolls. The value of the indicator has decreased from 129K to 57K
2 July
United States. Unemployment Rate. The value of the indicator has decreased from 4.3% to 4.2%
2 July
European Union. Unemployment Rate. The value of the indicator remained at the same level of 6.2%
2 July
All news

Forecasts

Brent buy
Period: 17.07.2026 Expectation: 500 pips
Buying Brent crude with $80 target
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 11:27 AM 40
Reed_Marcus
AUDCAD buy
Period: 31.08.2026 Expectation: 600 pips
Invest in AUDCAD up to 0.9900
FA Other Indicators
Yesterday at 11:05 AM 21
Bruce_Powers
USDCAD sell
Period: 17.07.2026 Expectation: 745 pips
USDCAD keeps its downside potential on fading upward move
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Yesterday at 11:02 AM 19
Lyra_Moonwell1
GBPUSD sell
Period: 10.08.2026 Expectation: 4000 pips
Selling GBPUSD on weak UK economy
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 09:27 AM 12
Sinclair_John
AUDCAD buy
Period: 18.07.2026 Expectation: 725 pips
AUDCAD sets sights higher as new uptrend takes shape
Technical analysis Indicators and reports FA Other Indicators Fundamental analysis
Yesterday at 06:55 AM 18
Emily_Foster
ETHUSD sell
Period: 09.08.2026 Expectation: 250 pips
Selling ETHUSD down to $1,500
Indicators and reports FA Other Hot news Chart analysis
09 July 2026 49
Sinclair_John
Go to forecasts