Crude Oil Prices Under Pressure From Weak Chinese Demand, ANZ Bank Says
Crude oil analysis at noon: Brent crude oil rose slightly in early trading, will this refinery face closure?
Valero Energy, the USA company, has warned that its refining plants on the West coast may face closure risks due to rising costs.
Oil Steadies After US Crude Stockpiles Log Fourth Weekly Draw
Crude oil inventories have dropped significantly due to the Canadian forest fire affecting supply, causing oil prices to rise slightly.
On Wednesday, July 24th, influenced by a significant decrease in crude oil and fuel inventories in the USA and an increased oil supply risk due to forest fires in Canada, the oil price ended its three-day decline and rose at the close. However, due to concerns over sluggish global demand, the oil price remained near the lowest level in six weeks. WTI crude oil fell 7% in the previous three trading days, while Brent crude oil fell nearly 5%.
US Total Crude Oil Stocks Decline in Week Ended July 19
Oil Prices Rise As U.S. Crude And Fuel Inventories Seen Shrinking