oil prices remain volatile and post a slight rise this Wednesday, May 25.
It is estimated that crude oil and gasoline inventories decreased last week in the United States, but they haven’t been released yet the existence data of the North American government.
“U.S. gasoline stocks are at their lowest seasonal level since 2014 just before the summer travel season,” said Carsten Fritsch, an analyst at Commerzbankaccording to information collected by Television newscasts.
With the long weekend, commemorating the Memorial Day, Summer will open in the United States, which means that the highest travel season in the last two years is approaching. With this, it is expected that fuel demand increases, even with high fuel prices.
Added to this, It should not be forgotten that the supply of crude continues to be scarce, due to the war between Russia and Ukraine, because Russian oil is the second most exported Worldwide.
Prices of a barrel of Brent and Texas oil today, May 25: how much does it cost and how much is it quoted?
According to the most recent closing Oil Price Chartsa renowned website with more than 150 oil indices and mixtures worldwide, for this Wednesday, May 25, Brent crude futures rose 1.14% to $114.83 a barrel, while US West Texas Intermediate (WTI) futures rose 1.32% to $111.22.