[New York Oil Price]US Gasoline Inventories Surge, Sending Oil Lower—WTI Posts Worst Year Since 2020
US crude prices fell for a second day as gasoline inventories surged, with WTI down 19.9% in 2025—its steepest annual drop since 2020—amid persistent supply glut concerns.
WTI crude rebounded 1.2% after the US imposed a blockade on Venezuelan oil tankers, lifting prices from a near five-year low, though gains were capped by rising US gasoline inventories.
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[New York Oil Price]US Crude Rises for First Time in Five Sessions on Venezuela Tanker Blockade—WTI Up 1.2%
WTI crude rebounded 1.2% after the US imposed a blockade on Venezuelan oil tankers, lifting prices from a near five-year low, though gains were capped by rising US gasoline inventories.
[New York Oil Price]Oil Retreats After Three-Day Rally on Saudi Output Hike Concerns—WTI Down 0.9%
Oil prices fell for the first time in three days as Saudi Arabia's push for additional OPEC+ output fueled supply concerns, with WTI down 0.9% and gasoline inventories surging.
[New York Oil Price]WTI Falls 1.7% Amid Rising US Gasoline Inventories and Receding Rate Cut Expectations
WTI crude oil prices fall 1.7% as U.S. gasoline inventories unexpectedly rise and Federal Reserve maintains cautious stance on interest rate cuts, dampening market sentiment.
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