Commodity Prices

Oil’s weekly drop has not erased supply risk as U.S. refinery runs, low crude stocks and firm distillate exports keep energy traders cautious.

U.S. gas finds support from LNG export demand and summer heat as storage stays above average and crude inventories tighten.

Oil traders shift from Middle East risk premium to inventory data as Brent and WTI retreat and summer fuel demand becomes the next test.

Brent and WTI traders weigh sharp U.S. crude draws, low Cushing stocks and softer demand forecasts as the oil market enters a volatile week.