# Oil Settles Higher as US Inventories Tighten | Rigzone

> Oil rose 1.4% to settle above $64 a barrel after US crude and fuel inventories fell more than expected. The US also raised its tariff on some Indian goods to 50% over India's purchases of Russian oil.

- Date: 2025-08-27 · published 2025-08-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/23494-oil-settles-higher-as-us-inventories-tighten-rigzone
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Inventory draws and firm fuel demand offset glut fears and support crude prices, which feeds into biofuel and energy input costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- rigzone.com: https://www.rigzone.com/news/wire/oil_settles_higher_as_us_inventories_tighten-27-aug-2025-181606-article/

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