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Oil Futures Settle Lower As Higher Inventory, OPEC Meet Postponement Weigh

Crude oil futures settled lower on Wednesday after data showed a notable increase in crude inventory in the U.S., and the Organization of Petroleum Exporting Countries (OPEC) postponed a key meeting by four days.

United statesSaudi arabiaEnergy information administrationOrganization of petroleum exporting countriesPetroleum exporting countriesTexas intermediate crudeEnergy information administrationCrude oil futuresRent crude futuresWest texas intermediate crudeCrude inventoryOpec meeting

Oil Futures Settle Sharply Lower After Big Jump In Crude Stockpile

Crude oil prices tumbled on Wednesday after data showed a sharp increase in U.S. crude stockpiles and a significant jump in crude production..

United statesAmerican petroleum instituteInternational energy agencyUs energy information administrationInformation administrationTexas intermediate crudeEnergy information administrationOil futuresCrude oil futuresRent crude futuresWest texas intermediate crudeCrude inventory

Crude Inventory 1 37M vs -477K Expected

Crude Inventory 1 37M vs -477K Expected
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Crude Inventory -5 96M Barrels vs -2 4M Expected

Crude Inventory -5 96M Barrels vs -2 4M Expected
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Crude inventoryCategories commodities

Europe s Energy Crisis Isn t Over, IEA Warns

European natural gas prices have plunged this summer and gas storages are filling up fast, but the IEA warns that Europe’s energy crisis isn’t over yet

United kingdomKeisuke sadamoriTsvetana paraskovaInternational energy agencyMorgan stanleyGas infrastructure europeGlobal gas securityCrude inventoryNorth africaNortheast asiaWestern europeNorthern hemisphereEnergy marketsGas importsGas marketsUkraine war