Oil Prices Hold Gains After Biggest Drop In US Stockpiles In Two Months

West Texas Intermediate traded near $63 a barrel after rising more than 1% on Wednesday. Brent closed below $67.

Bloomberg News

Published On

21 Aug 2025, 06:36 AM IST

Last Updated On

21 Aug 2025, 06:36 AM IST

Oil is still down more than 10% this year on concerns about the fallout from US trade policies and as OPEC+ returns idled production, raising expectations for a glut once peak summer demand ends. (Image: Bloomberg)

Oil held a gain after US crude stockpiles shrunk the most since mid-June, keeping inventories well below the seasonal average.

Also Read: Russia Sees Its Oil Discount Big Enough To Keep India Customer

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