# Oil rises on US fuel demand, extends rally

> Brent settled $1.20 higher at $72.25 per barrel and WTI rose 82 cents to $68.36 after EIA data showed US fuel demand at its highest since the start of the pandemic. US crude stocks fell by 3 million barrels and refinery runs rose to 92.4% of capacity.

- Date: 2021-08-25 · published 2021-08-25T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/11408-oil-rises-on-us-fuel-demand-extends-rally
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising fuel demand and high refinery utilization support crude and product prices into the late-summer driving season. Higher energy costs also feed into feed transport and processing expenses.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-09-28 | [Oil prices rise on surprise drop in U.S. crude, fuel stocks](https://feedsoft.ai/events/39763-oil-prices-rise-on-surprise-drop-in-u-s-crude-fuel-stocks.md) | +10.1% | +9.3% |
| WTI | 2021-06-30 | [Oil rises on lower U.S. stockpiles, demand recovery - Markets - Business Recorder](https://feedsoft.ai/events/46757-oil-rises-on-lower-u-s-stockpiles-demand-recovery-markets-business-recorder.md) | -1.2% | -1.0% |
| WTI | 2024-06-20 | [Oil prices rise on US crude draw; jobs data feeds rate cut hopes](https://feedsoft.ai/events/29926-oil-prices-rise-on-us-crude-draw-jobs-data-feeds-rate-cut-hopes.md) | -0.7% | +1.7% |
| WTI | 2023-04-14 | [Oil rises, logs weekly gains after IEA predicts record demand](https://feedsoft.ai/events/36561-oil-rises-logs-weekly-gains-after-iea-predicts-record-demand.md) | -5.9% | -13.8% |
| WTI | 2024-12-30 | [EIA: U.S. crude stocks fall on strong refining demand](https://feedsoft.ai/events/27162-eia-u-s-crude-stocks-fall-on-strong-refining-demand.md) | +4.2% | +4.2% |
| BRENT | 2022-09-28 | [Oil prices rise on surprise drop in U.S. crude, fuel stocks](https://feedsoft.ai/events/39763-oil-prices-rise-on-surprise-drop-in-u-s-crude-fuel-stocks.md) | +7.7% | +7.6% |
| BRENT | 2021-06-30 | [Oil rises on lower U.S. stockpiles, demand recovery - Markets - Business Recorder](https://feedsoft.ai/events/46757-oil-rises-on-lower-u-s-stockpiles-demand-recovery-markets-business-recorder.md) | +0.1% | -0.5% |
| BRENT | 2024-06-20 | [Oil prices rise on US crude draw; jobs data feeds rate cut hopes](https://feedsoft.ai/events/29926-oil-prices-rise-on-us-crude-draw-jobs-data-feeds-rate-cut-hopes.md) | +0.0% | -0.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2021/08/25/oil-markets-supply-opec-mexico-china-coronavirus.html
- reuters.com: https://www.reuters.com/business/energy/oil-falls-breather-after-two-day-rally-supply-issues-2021-08-25/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.