Oil prices rose at settlement at the end of today's trading, following the announcement of a decline in crude oil and gasoline inventories in the United States last week. Brent crude futures rose by 42 cents, or 0.5 %, to reach $85.08 per barrel upon settlement. US West Texas Intermediate crude futures also rose by 69 cents, or 0.85 %, to reach $82.10 per barrel upon settlement. The US Energy Information Administration announced today, Wednesday, that crude oil and gasoline inventories in the United States declined last week, while distillate products rose, explaining that crude oil inventories fell by 3.4 million barrels, reaching 445.1 million last week. Source: National Iraqi News Agency
Recent Posts
Iran Rejects US Allegations Against Tehran on Yemen
August 15, 2026
Iranian Deputy FM Celebrates ‘Islamic Resistance Day’
August 15, 2026
Pezeshkian: Interests of Iran, Pakistan Interwoven
August 14, 2026
Iran Congratulates Pakistan on 79th Independence Anniversary
August 14, 2026