Anthony Harrup

U.S. crude oil inventories saw a large withdrawal last week as production and imports fell while refineries stepped up their capacity use, according to data released Thursday by the U.S.

Commercial crude oil stocks fell by 8.6 million barrels last week as production and imports fell while refineries stepped up their capacity use, the EIA said.

Oil prices turned higher Friday as Ukraine renewed attacks on Russian refineries, adding to concerns about persistent Middle East supply risks and uncertainty over shipping through the Strait of Hormuz.

Gold futures settled lower as the U.S. dollar firmed, yields rose, and oil prices pared early losses. "The relationship between energy prices, inflation expectations, and Federal Reserve policy remains central to gold's near-term direction," Naeem Aslam of Zaye Capital Markets says in a note. Lowe

Oil futures fell Monday, pulling back from Friday's gains after President Trump waived newly imposed sanctions on Russia, while persistent Middle East supply risks kept prices afloat.

Oil prices turned lower Tuesday, reversing earlier gains that pushed Brent crude above $111 a barrel, its highest since May, as traders weighed prospects for U.S.-Iran diplomacy against persistent Middle East supply risks.

U.S. crude oil inventories fell for a third consecutive week as production and imports declined, according to data released Wednesday by the U.S. Energy Information Administration.

Oil prices settled mixed Wednesday as optimism about a recovery in Middle East oil exports is offset by continued threats against shipping through the Strait of Hormuz and attacks targeting Saudi Arabia.

Silver futures fell for a second straight session Thursday, closing at their lowest level in almost a year as rising oil prices keep alive concerns about inflation and prospects for higher interest rates.

Oil futures rose sharply Thursday, with Brent crude climbing above $113 a barrel as Yemen's Houthis launched fresh attacks on Saudi Arabia's energy