U.S. commercial crude oil inventories increased by 3.0 million barrels to 462.6 million barrels.

Brent rose $2.61, or 3.6%, to $75.11 a barrel, WTI was up $2.70, or 3.9%, at $71.26.

Brent rose 44 cents, or 0.6%, to $78.81 a barrel, WTI was up 40 cents, or 0.5%, at $75.16 a barrel.

They expressed satisfaction with the level of coordination at OPEC Plus aimed at ensuring the global oil market stability.

Since Western sanctions over the war in Ukraine cut off Russia from many of its established trading partners, state companies from Saudi Arabia and the United Arab Emirates have stepped in to take advantage of discounted prices for Russian products,

The challenges today are not likely to end anytime soon. Market participants must adapt to the uncertainty, tightness of supply and fluctuating prices.

U.S. commercial crude oil inventories decreased by 5.1 million barrels to 460.9 million barrels.

Brent were down by 13 cents, or 0.2%, at $80.97 a barrel, WTI slid 9 cents, or 0.1%, to $77.28 a barrel.

Annual inflation in Russia slowed to 3.51% in March 2023 from 10.99% in February, reaching its lowest level since July 2020.

U.S. commercial crude oil inventories decreased by 4.6 million barrels to 466.0 million barrels.

Brent climbed 34 cents, or 0.39%, to $86.43 per barrel, WTI rose 40 cents, or 0.49%, to $82.56.

For 2023, the world oil demand growth forecast remains unchanged at 2.3 mb/d, with the OECD Americas and OECD Europe revised slightly lower, while China is revised higher, with jet/kerosene and gasoline leading demand growth.

Urals, Russia’s main crude export blend, has traded at a significant discount to the Brent benchmark since the European Union banned almost all seaborne imports of oil and petroleum products from the country, and the Group of Seven industrialized nations imposed a price cap.

U.S. commercial crude oil inventories increased by 0.6 million barrels to 470.5 million barrels.

U.S. commercial crude oil inventories decreased by 3.7 million barrels to 470.0 million barrels.