- Analytics
- News and Tools
- Market News
- Oil: prices declined amid Greece crisis
Oil: prices declined amid Greece crisis
West Texas Intermediate futures for August delivery advanced to $57.12 (+0.28%) after yesterday's decline. This decline was caused by data from the Energy Information Administration, which showed that U.S. crude inventories rose by 2.4 million barrels in the week ending June the 26th (the first weeks increase since April). Meanwhile Brent crude for August advanced to $62.28 (+0.44%) a barrel.
The stockpiles data came in after the previous report showed that U.S. oil production rose by 0.2%. Supply from the Organization of the Petroleum Exporting Countries rose to a three-year high of 31.60 million barrels a day in June from 31.30 million barrels a day in May.
The Energy Information Administration also reported that distillate stockpiles, which include diesel and heating oil, rose 392,000 barrels. Gasoline stocks fell 1.8 million barrels.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
