# Oil settles slightly higher, investors focus on steep draw in fuel stocks | Reuters

> Brent settled 28 cents higher at $72.56 and WTI rose 27 cents to $68.70 after a steep draw in US fuel stocks. US crude stocks rose 2.1 million barrels and gasoline inventories hit a two-year low. The IEA said global supply will exceed demand in 2025 and the dollar hit a one-year high.

- Date: 2024-11-14 · published 2024-11-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27567-oil-settles-slightly-higher-investors-focus-on-steep-draw-in-fuel-stocks-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Tight US fuel inventories support diesel prices, while the IEA oversupply outlook and stronger dollar cap crude gains, leaving energy input costs mixed for feed buyers.

## Read by commodity

- DXY: bullish ▲
- WTI: neutral
- BRENT: neutral
- DIESEL: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-edge-down-forecasts-higher-oil-output-weak-demand-growth-weigh-2024-11-14/

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