Oil Prices Rise as US Crude Stockpiles Decrease

Oil Prices Rise as US Crude Stockpiles Decrease


Muscat: Oil prices today rose for a second straight session after industry data showed a decline in US crude stockpiles, reinforcing expectations of tightening supply. Brent crude futures gained 27 cents, or 0.4%, to $67.90 a barrel, while US West Texas Intermediate (WTI) crude futures added 28 cents, or 0.4%, to $63.69. Both benchmarks had climbed by more than $1 a barrel in the previous session.



According to Oman News Agency, figures released by the American Petroleum Institute (API) showed that US crude and gasoline inventories fell last week, while distillate stocks increased, according to market sources citing the data. Crude inventories declined by 3.82 million barrels in the week ending 19 September 2025, gasoline inventories fell by 1.05 million barrels, while distillate stocks rose by 518,000 barrels.