Oil rallies beyond one-year highs on inventory draw & supply cuts ...News

Russia Today - Economy
Oil rallies beyond one-year highs on inventory draw & supply cuts
source : Russia Today ( News ) () 11
Crude prices continued to rally after hitting their highest level in over a year, as production cuts by Russia and Saudi Arabia in an effort to boost the pandemic-hit market were bolstered by a global drawdown in inventories. Both international benchmark Brent and West Texas Intermediate (WTI) advanced over one percent on Wednesday, trading at $58.18 per barrel and $55.44 per barrel respectively. The increase paves the way for another highest-closing record since the start of 2020.  Also on rt.com Putin praises energy deal between Russia, Saudi Arabia & US as an example of p

Hence then, the article about oil rallies beyond one year highs on inventory draw supply cuts was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Oil rallies beyond one-year highs on inventory draw & supply cuts )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy
Yaber erweitert sein Angebot im Bereich intelligente Reinigungsgeräte mit der Einführung von zwei kabellosen Staubsaugern
PR Newswire - before 7 hours & 54 minute
Federal Judge Clears Orsted to Resume Work on Revolution Wind
OILPRICE - before 3 hours & 19 minute
ZTE Recognized on CDP Climate A List for Third Consecutive Year, Ranking Among the Global Top 4%
PR Newswire - before 2 hours & 32 minute
NEXCOM Brings Expanded Edge, Security, and Quantum-Resistant Innovations to MWC Barcelona 2026
PR Newswire - before 8 hours & 47 minute
Infortrend lance le serveur IA en périphérie, qui apporte l'IA à la périphérie sans configuration complexe
PR Newswire - before 2 hours & 46 minute
Oil rises amid fears of supply disruptions
SABA NET - before 4 hours
Cold Weather in China and Europe Tightens the LNG Spot Market
OILPRICE - before 2 hours & 27 minute
Unrest in Iran Pushes Oil Prices Higher
OILPRICE - before 5 hours & 24 minute
Concorde 50p coin takes off as Royal Mint celebrates supersonic aircraft
INDEPENDENT - before 10 hours & 48 minute
Royal Mint unveils new 50p coin to mark 50th anniversary of first Concorde flight
INDEPENDENT - before 5 hours & 19 minute
APh ePower Secures 2025 R&D 100 Award for Pioneering Elevator Energy Recovery
PR Newswire - before 2 hours & 58 minute
Where The Middle East’s Next 20 Billion Barrels Are Coming From
OILPRICE - before 10 hours & 52 minute


Latest News

Record 2m workers to fall into £100,000 tax trap bracket - here’s what it means

before 5 minute

QTC METRIC GEARS Expands Stock Metric Gear Offering for Industrial Automation Applications

before 27 minute

Inflation remained elevated in late 2025, new data expected to show

before 49 minute

Facing Political Pressure, Trump Seeks Answer to Rising Housing Costs

before 49 minute

aulumu Showcases High-Performance Design Philosophy at CES 2026 with G09 and M10

before hour & 25 minute

Russia’s Oil Flows Pivot East as China Buys More and India Pulls Back

before hour & 31 minute

BNI Unifies Global Trade Finance on Finastra's Trade Innovation, significantly accelerating customer onboarding

before hour & 39 minute

Catastrophe Risk Management Platform KatRisk Acquires Symfos to Accelerate Next-Generation Underwriting and Portfolio Risk Intelligence

before hour & 52 minute

Cold Weather in China and Europe Tightens the LNG Spot Market

before 2 hours & 27 minute

ZTE Recognized on CDP Climate A List for Third Consecutive Year, Ranking Among the Global Top 4%

before 2 hours & 32 minute

Infortrend lance le serveur IA en périphérie, qui apporte l'IA à la périphérie sans configuration complexe

before 2 hours & 46 minute

APh ePower Secures 2025 R&D 100 Award for Pioneering Elevator Energy Recovery

before 2 hours & 58 minute

Enrique Patrickson appointed as new Chief Financial Officer of Hexagon

before 3 hours & 13 minute

Federal Judge Clears Orsted to Resume Work on Revolution Wind

before 3 hours & 19 minute

Le chiffre d'affaires de HCLTech pour le 3e trimestre de l'exercice 26 augmente de 4,2 % par rapport au trimestre précédent (à taux de change constant), le chiffre d'affaires annualisé dépassant les 15 milliards de dollars ; le carnet de co

before 3 hours & 52 minute