Oil gains over 1%; Brent crosses $87
03/07/2024
Argaam
Oil extended gains today, July 3, after US crude inventories data for the fourth week of June was revealed.
Brent crude rose by 1.3%, or $1.1, to close at $87.34 a barrel. WTI crude gained 1.3%, or $1.07, to record $83.88 per barrel.
Data from the US Energy Information Administration revealed that oil inventories fell by 12.2 million barrels last week, with gasoline and distillate inventories falling by 2.2 million barrels and 1.5 million barrels, respectively.
The weekly report showed that US crude production remained stable at 13.2 million barrels per day, but it showed that demand for oil—measured by finished products supplied to the market—rose by about 395,000 barrels per day during the week.
Market Indices
Dubai
5,897.57
(9.63)
(0.16 %)
Abu Dhabi
9,960.24
(33.00)
(0.33 %)
TASI
10,542.23
(47.72)
(0.45 %)
Qatar
9,209.53
(49.77)
(0.54 %)
Kuwait
9,063.91
13.25
0.15 %
Muscat
7,828.06
39.92
0.51 %
Bahrain
1,898.90
(2.96)
(0.16 %)
Commodity Price
Brent Crude Oil
101.17
0.24
0.23%
Nymex
89.08
(1.16)
(1.29%)
About Us
Join Us
Argaam Tools is an advanced tool that provides investors, analysts, research houses, and corporate executives with easy access to a single source for in-depth data on macroeconomy, capital market, sectors, and companies insights.
Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}