Oil prices rise on low US stockpiles, Russia sanctions; Israel-Gaza ceasefire impact unclear

US inventories fall to lowest level since 2022

This 2020 file photo shows oil derricks owned by Extraction Oil & Gas pump near the intersection of Colorado Highway 392 and Weld County Road 25 near Windsor in Weld County, Colorado.
This 2020 file photo shows oil derricks owned by Extraction Oil & Gas pump near the intersection of Colorado Highway 392 and Weld County Road 25 near Windsor in Weld County, Colorado.Photo: AP/SCANPIX
Published 15 January 2025, 21:10Updated 15 January 2025, 21:10
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