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 Reveals New Details of Response to US Crime in Sirik Island
September 4, 2026
Iran’s Soltaninejad Wins Gold at 2026 World Nomad Games
September 4, 2026
Israeli Regime Intensifies Attacks Across Gaza Strip
September 4, 2026
Baqaei: Iran’s Defensive Strikes Were Merely Against Military Targets
September 4, 2026
Iran, Russia Strengthen Judicial Ties Amid Global Pressures
September 4, 2026
Iran Condemns Deadly US Strike on Wedding as ‘War Crime’ in Letter to UN
September 4, 2026