US crude oil inventories decline amid ongoing Iran conflict
pre-market1 source ↓written by the desknot a recommendation
- for the week
- 4.3 million barrels
- the week ending
- 8 May
- total stockpiles
- 452.9 million barrels
- the five-year average
- 0.3% below
- over the past
- 3.3 million barrels
Crude oil inventories in the U.S. fell by 4.3 million barrels for the week ending 8 May, bringing total stockpiles to 452.9 million barrels, 0.3% below the five-year average. This marks a total decline of 3.3 million barrels over the past seven weeks. Crude prices remained stable, with Brent at $107.80 per barrel, reflecting ongoing geopolitical tensions affecting supply.
Not investment advice. For informational purposes only.