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Barchart
Barchart
Rich Asplund

Crude Little Changed as Weekly EIA Crude Inventories Fall Less Than Expected

Oil EIA United States Saudi Arabia OPEC

August WTI crude oil (CLQ23) on Thursday closed +0.01 (+0.01%), and Aug RBOB gasoline (RBQ23) closed +2.55 (+1.01%).

Crude oil and gasoline prices Thursday closed higher, with crude posting a 2-week high.   Thursday's action by Saudi Arabia to boost crude prices for August delivery boosted energy prices.  Also, signs of stronger U.S. gasoline demand supported prices.  Crude prices Thursday gave up their gains briefly after weekly EIA crude inventories fell less than expected.

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