Oil Climbs With Inventories Seen Declining at Key US Storage Hub
Yahoo Finance·2025-10-08 17:55
Oil rose after an industry report that showed a decline in stockpiles at a key US storage hub. Benchmark Brent traded above $66 a barrel after the American Petroleum Institute reported a 1.8 million-barrel weekly drop at the Cushing hub in Oklahoma, as well as lower oil-product holdings. The API estimated an increase in nationwide crude stockpiles, though they remain near seasonal lows. Most Read from Bloomberg Price gains are still capped by the broader outlook for ample global supplies, with OPEC+ r ...