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Energy: oil is retreating

19/11/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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This Wednesday, oil prices fell. One sector report reports higher crude inventories in the United States, the world's largest consumer of crude oil, reinforcing fears of overproduction, even if the sanctions imposed on Russian oil flows have limited the fall in prices.

The price of Brent crude oil fell by 11 cents, or 0.2%, at 64.78 dollars per barrel at 5 h 10 GMT, by è s have won é Style”, serif"> 1.1% when é ance by é c é dent.

West Texas Crude Oil Futures American intermediate were down 9 cents, or 0.2%, to 60.65 dollars per barrel, after rising 1.4% on Tuesday.

American crude oil and gas stocks Fuels increased last week, sources said Tuesday evening market, citing figures from the American Petroleum Institute.

Crude oil inventories increased by 4.45 million barrels during the week ending November 14, while that gasoline inventories increased by 1.55 million barrels and inventories of 577,000 barrel distillates, the API reported, according to the sources.

Prices rose on Tuesday, investors taking into account the impact of American sanctions and attacks Ukrainian companies against Russian refineries and export terminals having heightened fears of disruptions in crude oil supplies and in fuel.

Broker analysts Chinese Haitong Futures noted that “oil prices were supported by the dynamic diesel market, but the persistent overabundance of the supply of Crude oil encourages investors to be cautious about the continuation of further increases in the price of crude oil.”

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