Baku 23° C
Oil prices rise amid strong US demand and stock decline
Energy
- 21 August, 2025
- 10:02
Add Report.az to preferred Google sources
Stay up to date with the top news!
Global oil prices moderately increased on Thursday morning, driven by strong demand in the United States, Report informs, citing trading data.
October futures for Brent crude rose by 0.46% to $67.15 per barrel, while WTI October futures climbed 0.54% to $63.05.
The price growth was supported by US inventory data released Thursday. Commercial crude oil stocks in the country (excluding the strategic reserve) fell by 6 million barrels to 420.7 million for the week ending August 15—exceeding market expectations. Gasoline inventories also dropped by 2.7 million barrels (1.2%) to 223.6 million.
Author
Latest News
15:19
Photo
Central banks of Azerbaijan and Uzbekistan discuss prospects for further cooperation
Finance
15:14
Photo
President Ilham Aliyev holds expanded meeting with President of Laos - UPDATED
Foreign policy
15:13
EC approves Italy's 8B euro defense plan under SAFE program
Other countries
15:09
GDP of Azerbaijan's Nakhchivan up 3.5% in Jan-Sept 2026
Finance
15:08
Azerbaijan U-23 minifootball team draws 3-3 with Romania in World Cup opener
Football
14:57
Scientists call for international body to oversee advanced AI
Other countries
14:48
Azerbaijan to assess credit risk based on bank card transactions
Finance
14:42
Photo
President of Laos visits Alley of Honors in Baku
Foreign policy
14:31
Azerbaijan, Czechia discuss promoting Middle Corridor
Infrastructure