Benchmark U.S. Crude Oil for July delivery fell 2 cents to $68.81 a barrel Thursday. Brent Crude Oil for August delivery fell 4 cents to $71.31 a barrel. Wholesale gasoline for July delivery rose 1 cent to $2.20 a gallon. July heating fell 1 cent to $2.10 a gallon. July natural gas fell 4 cents to $3.04 per 1,000 cubic feet.
Gold for August delivery fell $36.60 to $1,873.30 an ounce. Silver for July delivery fell 72 cents to $27.48 an ounce and July copper fell 13 cents to $4.46 a pound. The dollar rose to 110.30 Japanese yen from 109.58 yen. The euro fell to $1.2126 from $1.2212.
West Texas Intermediate Crude Oil was slightly up 0.22% to $68.98 per barrel, while Brent crude, the London-based international benchmark, rose 0.22% to $68.98 per barrel. Brent crude touched its highest since September 2019 at $71.99 earlier in the session. WTI prices rose as high as $69.40, the strongest since October 2018, after gaining 1.5% in the previous session.
U.S. Crude Oil inventories fell by 5.1 million barrels last week, compared with expectations for a decrease of 2.4 million barrels, while gasoline stocks grew by 1.5 million barrels and distillate stockpiles jumped by 3.7 million barrels. Oil prices have risen in recent days on expectations from forecasters, including the Organization of the Petroleum Exporting Countries (OPEC) and its allies, that demand will exceed supply in the second half of 2021.