U.S. crude oil fell over 1.7%, impacted by concerns over demand outlook and inventories.

WTI September crude oil futures fell by $1.37, a drop of nearly 1.75%, closing at $76.98 per barrel, approaching the 200-day moving average, which is currently at $76.56. This marks the second consecutive day of declines amid the release of energy monthly reports by the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), along with an unexpected increase in crude oil inventories reported by the U.S. Energy Information Administration (EIA). Meanwhile, NYMEX September natural gas futures rose over 3.30%, settling at $2.2190 per million British thermal units. NYMEX September gasoline futures closed at $2.3211 per gallon, and NYMEX September heating oil futures settled at $2.3682 per gallon

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

blinkix
08-15
blinkix
Nice drop in crude oil prices! [Smart]

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":338528205537584,"tweetId":"338528205537584","gmtCreate":1723661136833,"gmtModify":1723690732569,"author":{"id":4179350750825112,"idStr":"4179350750825112","authorId":4179350750825112,"authorIdStr":"4179350750825112","name":"Lively Anna","avatar":"https://community-static.tradeup.com/news/aefc8904347263580fc13ecbfded24c0","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":20,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"U.S. crude oil fell over 1.7%, impacted by concerns over demand outlook and inventories.","html":"<html><head></head><body><p>WTI September crude oil futures fell by $1.37, a drop of nearly 1.75%, closing at $76.98 per barrel, approaching the 200-day moving average, which is currently at $76.56. This marks the second consecutive day of declines amid the release of energy monthly reports by the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), along with an unexpected increase in crude oil inventories reported by the U.S. Energy Information Administration (EIA). Meanwhile, NYMEX September natural gas futures rose over 3.30%, settling at $2.2190 per million British thermal units. NYMEX September gasoline futures closed at $2.3211 per gallon, and NYMEX September heating oil futures settled at $2.3682 per gallon</p></body></html>","htmlText":"<html><head></head><body><p>WTI September crude oil futures fell by $1.37, a drop of nearly 1.75%, closing at $76.98 per barrel, approaching the 200-day moving average, which is currently at $76.56. This marks the second consecutive day of declines amid the release of energy monthly reports by the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), along with an unexpected increase in crude oil inventories reported by the U.S. Energy Information Administration (EIA). Meanwhile, NYMEX September natural gas futures rose over 3.30%, settling at $2.2190 per million British thermal units. NYMEX September gasoline futures closed at $2.3211 per gallon, and NYMEX September heating oil futures settled at $2.3682 per gallon</p></body></html>","text":"WTI September crude oil futures fell by $1.37, a drop of nearly 1.75%, closing at $76.98 per barrel, approaching the 200-day moving average, which is currently at $76.56. This marks the second consecutive day of declines amid the release of energy monthly reports by the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), along with an unexpected increase in crude oil inventories reported by the U.S. Energy Information Administration (EIA). Meanwhile, NYMEX September natural gas futures rose over 3.30%, settling at $2.2190 per million British thermal units. NYMEX September gasoline futures closed at $2.3211 per gallon, and NYMEX September heating oil futures settled at $2.3682 per gallon","highlighted":1,"essential":1,"paper":2,"likeSize":16,"commentSize":1,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/338528205537584","repostId":0,"isVote":1,"tweetType":1,"viewCount":485,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["IEA","EIA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":632,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":338685992923264,"commentId":"338685992923264","gmtCreate":1723691230956,"gmtModify":1723694050029,"authorId":3479274804085724,"author":{"id":3479274804085724,"idStr":"3479274804085724","authorId":3479274804085724,"name":"blinkix","avatar":"https://static.tigerbbs.com/a70f12c6c7ca3e0f00f4b8fb561c5998","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":338528205537584,"objectIdStr":"338528205537584","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Nice drop in crude oil prices! [Smart]","text":"Nice drop in crude oil prices! [Smart]","html":"Nice drop in crude oil prices! [Smart]","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/338528205537584"}