U.S. Crude, Product Inventory Builds Set To Deliver Cheap Gas For Holidays | OilPrice.com - OilPrice.com

U.S. Crude, Product Inventory Builds Set To Deliver Cheap Gas For Holidays | OilPrice.com

| WTI Crude •10 mins | 74.05 | +0.11 | +0.15% |
| Brent Crude •10 mins | 79.29 | +0.06 | +0.08% |
| Murban Crude •15 mins | 79.16 | +1.43 | +1.84% |
| Natural Gas •10 mins | 2.562 | +0.070 | +2.81% |
| Gasoline •23 mins | 2.193 | -0.008 | -0.35% |
| Louisiana Light •2 days | 75.36 | +1.31 | +1.77% |

Louisiana Light • 2 days 75.36 +1.31 +1.77% Bonny Light • 1 day 81.06 +0.52 +0.65% Opec Basket • 2 days 78.47 +0.44 +0.56% Mars US • 46 days 79.33 -2.03 -2.50% Gasoline • 23 mins 2.193 -0.008 -0.35%

| Marine •1 day | 76.08 | +0.62 | +0.82% |
| Murban •1 day | 77.44 | +0.47 | +0.61% |
| Iran Heavy •1 day | 79.00 | +0.71 | +0.91% |
| Basra Light •750 days | 71.69 | -3.60 | -4.78% |
| Saharan Blend •1 day | 79.73 | +0.82 | +1.04% |
| Bonny Light •1 day | 81.06 | +0.52 | +0.65% |

Bonny Light • 1 day 81.06 +0.52 +0.65% Girassol • 1 day 80.18 +0.65 +0.82% Opec Basket • 2 days 78.47 +0.44 +0.56%

| Canadian Crude Index •203 days | 53.57 | -1.23 | -2.24% |
| Western Canadian Select •15 mins | 52.94 | +1.12 | +2.16% |
| Canadian Condensate •15 mins | 76.09 | +1.12 | +1.49% |
| Premium Synthetic •15 mins | 74.34 | +1.12 | +1.53% |
| Sweet Crude •15 mins | 65.19 | +1.12 | +1.75% |
| Peace Sour •15 mins | 57.69 | +1.12 | +1.98% |

Peace Sour • 15 mins 57.69 +1.12 +1.98% Light Sour Blend • 15 mins 63.19 +1.12 +1.80% Syncrude Sweet Premium • 15 mins 66.44 +1.12 +1.71% Central Alberta • 15 mins 57.94 +1.12 +1.97%

| Louisiana Light •2 days | 75.36 | +1.31 | +1.77% |
| Domestic Swt. @ Cushing •2 days | 68.95 | +1.04 | +1.53% |
| Giddings •2 days | 62.70 | +1.04 | +1.69% |
| ANS West Coast •6 days | 78.31 | +2.00 | +2.62% |
| West Texas Sour •2 days | 66.55 | +1.04 | +1.59% |
| Eagle Ford •2 days | 68.95 | +1.04 | +1.53% |

Eagle Ford • 2 days 68.95 +1.04 +1.53% Oklahoma Sweet • 2 days 68.75 +1.00 +1.48% Kansas Common • 5 days 61.75 +0.00 +0.00% Buena Vista • 6 days 76.99 +2.11 +2.82%
U.S. Crude, Product Inventory Builds Set To Deliver Cheap Gas For Holidays

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Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.
Crude oil inventories in the United States rose this week by 939,000 barrels for the week ending December 15, according to The American Petroleum Institute (API), after a 2.349-million-barrel draw in crude inventories in the week prior. Analysts had expected inventories to fall by 2.233 million barrels.API data shows a net build in crude oil inventories in the United States of just over 18 million barrels so far this year.

On Monday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) rose by 600,000 barrels. Inventories are now at 352.5 million barrels, with total purchases for the SPR totaling nearly 6 million barrels since the Biden Administration began its buyback program.

Oil prices were trading up ahead of API data release as the year draws close to the end. At 12:25 pm ET, Brent crude was trading up 1.59% at $79.19—nearly $6 per barrel more than where it was this same time last week. The U.S. benchmark WTI was trading up on the day by 1.71% at that time, at $79.28–more than $10 per barrel up from this time last week.

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