Oil Futures Hold Gains Ahead of U.S. Inventory Data -- Market Talk

Dow Jones
Sep 10

0946 ET - Crude futures are adding to gains of the previous two sessions with geopolitical risk countering underlying concerns of a 4Q surplus as OPEC+ increases planned output. "Although the latest OPEC production guidance for next month was smaller than widely expected, it still represents a continued uptrend of fresh supply into the market that is weighing on the Brent curve," Ritterbusch says in a note. The market is watching for the EIA's weekly inventory data at 10:30 a.m. ET after the API reported a 1.3 million barrel build in crude stocks, analysts note. Analysts in a Wall Street Journal survey predict a crude stock draw of 1 million barrels. WTI and Brent are up 0.7% at $63.08 and $66.87 a barrel, respectively. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

September 10, 2025 09:46 ET (13:46 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10