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U.S. crude stockpiles rose by 1 million barrels in the week to May 25, while global inventories are falling. Analysts’ expectations were a decrease of 525,000 barrels. WTI crude is $67.66; Brent is $77.26 this morning. 
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Economists say that oil remains well supported. Lending support to prices is speculation that U.S. crude stock will drop by 1.8 million barrels. The API - American Petroleum Institute will report supply data this afternoon. WTI crude is $66.93; Brent is $75.92 this morning.  Source: Reuters.com - By: Alex Lawler - Image: Essam Al-Sudani Oil prices came under pressure last week after reports that OPEC and Russia are discussing plans to increase their production for the first time since 2016. WTI crude is $67.01; Brent is $75.77 this morning.  Source: MarketWatch.com - By: Myra P.Saefong & Barbara Kollmeyer - Image: Getty Images Though OPEC and Russia benefit from a higher oil price, their output cuts have allowed non-OPEC producers to ramp up production and gain market share. WTI crude is $69.48; Brent is $77.26 this morning.  Source: Reuters.com - By: Ron Bousso - Image: Sergei Karpukhin Talk regarding possible supply increases by OPEC in June has boxed in oil prices for the time being, making an $80 per bbl price a short-term challenge. WTI crude is $70.99; Brent is $78.90 this morning.  Source: Reuters.com - By: Amanda Cooper - Image: Essam Al-Sudani |
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