# Oil prices finish higher as US oil, fuel inventories ease

> Oil prices finished higher after U.S. oil and fuel inventories declined. Brent for September settled 70 cents higher at $81.71 a barrel, and WTI rose 63 cents to $77.59.

- Date: 2024-07-24 · published 2024-07-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29473-oil-prices-finish-higher-as-us-oil-fuel-inventories-ease
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Falling U.S. crude and fuel stocks signal tighter near-term supply, which supports energy costs for feed transport and processing. The move is a routine inventory reaction rather than a new supply shock.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-rise-us-crude-fuel-inventories-seen-shrinking-2024-07-24/

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