# The Commodities Feed: US oil stocks build | articles | ING THINK

> Oil prices came under pressure on June 25 from a stronger USD and a surprise build in US crude inventories, with ICE Brent settling about 1.2% lower. ExxonMobil may suspend operations at its Gravenchon refinery in France due to strikes, and Norway's Visund field outage reduced European gas supply.

- Date: 2024-06-26 · published 2024-06-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29945-the-commodities-feed-us-oil-stocks-build-articles-ing-think
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A surprise inventory build and stronger dollar weigh on crude, while the European refinery strike and gas outage add mixed signals for energy costs.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- think.ing.com: https://think.ing.com/articles/the-commodities-feed-us-oil-stocks-build260624/

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