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Crude Oil Inventories Plummet Amid Rising Prices

3/26/2025

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Summary

Story summary

U.S. crude oil inventories decreased by 3.3 million barrels, totaling 433.6 million for the week ending March 21, per EIA data.
Gasoline stocks fell by 1.4 million barrels, and distillate inventories declined by 420,000 barrels.
Brent crude prices reached $73.88, while WTI rose to $69.93 due to tightening supply expectations.
Analysts observed weak gasoline demand alongside a rise in net crude imports by 845,000 bpd.

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Story summary

U.S. crude oil inventories decreased by 3.3 million barrels, totaling 433.6 million for the week ending March 21, per EIA data.
Gasoline stocks fell by 1.4 million barrels, and distillate inventories declined by 420,000 barrels.
Brent crude prices reached $73.88, while WTI rose to $69.93 due to tightening supply expectations.
Analysts observed weak gasoline demand alongside a rise in net crude imports by 845,000 bpd.