# Oil prices climb 2% on drop in US crude inventories as investors focus on Ukraine peace push

> Oil climbed about 2% on Wednesday after a drop in US crude inventories, with investors also focused on a Ukraine peace push. Brent settled at $66.84 a barrel and WTI at $63.21.

- Date: 2025-09-01 · published 2025-09-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/23493-oil-prices-climb-2-on-drop-in-us-crude-inventories-as-investors-focus-on
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A larger-than-expected US stock draw supports crude prices, while a possible peace deal would reduce supply-risk premiums, so the net effect on energy costs is mixed.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-climb-2-drop-us-crude-inventories-investors-focus-ukraine-peace-push-2025-08-20/

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