# MARKET WATCH: NYMEX, Brent crude oil prices split directions after US inventory | Oil & Gas Journal

> US light sweet crude settled at $48.36 on June 1, up 4 cents, while Brent fell more than 10 cents. US crude stocks fell for an eighth straight week, though US production hit its highest level since August 2015.

- Date: 2017-06-02 · published 2017-06-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70676-market-watch-nymex-brent-crude-oil-prices-split-directions-after-us-inventory
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Inventory draws support prices, but record US output and the OPEC extension keep the outlook balanced, offering limited directional pressure on energy costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- ogj.com: https://www.ogj.com/general-interest/article/17289138/market-watch-nymex-brent-crude-oil-prices-split-directions-after-us-inventory

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