Overview

• Brent crude futures rose 0.39% to $68.79 a barrel and WTI gained 0.47% to $66.69, reversing an earlier three-day slide
• EIA data showed U.S. crude stocks fell by 3.9 million barrels last week to 422.2 million barrels, indicating tighter supply and strong refinery runs
• Gasoline and diesel inventories recorded larger-than-expected builds, limiting upside for oil prices
• China’s June crude throughput climbed 8.5% year-on-year; a Federal Reserve survey described economic sentiment as neutral to slightly pessimistic amid tariff pressures
• Traders remain wary of a potential year-end glut as OPEC+ output ramps up and drone strikes in Kurdistan underscore persistent supply risks