Crude oil futures pull up from earlier lows, but not enough to avoid a fourth consecutive session of losses with prices consolidating as the market awaits more clarity on the outcome of U.S. tariffs and sanctions against Russia.
WTI was supported by the EIA’s report of a 3.2 million barrel crude oil inventory draw for last week, while a second large weekly build in diesel stocks eased some of the concerns about low supplies of the fuel.
WTI settles down 0.1% at $65.25 as September takes the front month position. Brent slips 0.1% to $68.51 a barrel.
