{"id":1543646,"date":"2025-06-25T14:43:48","date_gmt":"2025-06-25T18:43:48","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1543646"},"modified":"2025-06-25T14:43:48","modified_gmt":"2025-06-25T18:43:48","slug":"wti-crude-prices-edge-higher-after-across-the-board-inventory-draws","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/wti-crude-prices-edge-higher-after-across-the-board-inventory-draws\/1543646\/","title":{"rendered":"WTI Crude Prices Edge Higher After Across The Board Inventory Draws"},"content":{"rendered":"

WTI Crude Prices Edge Higher After Across The Board Inventory Draws<\/span><\/p>\n

\n

Oil prices edged higher this morning after posting the biggest two-day decline since 2022, as traders assessed the Iran-Israel ceasefire and the API report overnight that pointed to another drop in US crude stockpiles.<\/p>\n

\u201cThere is no longer any real fear of the conflict spreading,\u201d said Arne Lohmann Rasmussen, chief analyst at A\/S Global Risk Management. <\/em><\/p>\n

\u201cWith Trump\u2019s comments on Iranian oil exports, downward pressure on oil prices is likely to continue.\u201d<\/em><\/strong><\/p>\n

API<\/strong><\/p>\n

Crude -4.28mm<\/p>\n

Cushing -75k<\/p>\n

Gasoline +764k<\/p>\n

Distillates -1.03mm<\/p>\n

DOE<\/strong><\/p>\n

Crude -5.84mm<\/p>\n

Cushing -464k<\/p>\n

Gasoline -2.08mm<\/p>\n

Distillates -4.07mm<\/p>\n

The official data confirmed API’s reported big crude draw and products also saw major inventory drawdowns last week…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/p>\n

Total US crude stockpiles dropped to their lowest since January…<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/p>\n

Despite a small 237k addition to the SPR, Crude stocks fell for the 5th straight week…<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/p>\n

US crude production pushed modestly higher last week as the rig count continues to slide…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/p>\n

WTI Crude prices inched higher after the report following two days of carnage…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/p>\n

The OPEC+ alliance is due to hold discussions on July 6 to consider a further supply boost in August.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 06\/25\/2025 – 10:43<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/energy\/wti-crude-prices-edge-higher-after-across-board-inventory-draws<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

WTI Crude Prices Edge Higher After Across The Board Inventory Draws Oil prices edged higher this morning after posting the biggest two-day decline since 2022,…<\/p>\n","protected":false},"author":0,"featured_media":1543647,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1543646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6tzw","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2025\/06\/bfm824_0-L2r07l.jpg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1543646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1543646"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1543646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1543647"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1543646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1543646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1543646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}