{"id":68481,"date":"2026-01-08T09:28:41","date_gmt":"2026-01-08T09:28:41","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/01\/08\/oil-edges-higher-after-two-day-slide\/"},"modified":"2026-01-08T09:28:41","modified_gmt":"2026-01-08T09:28:41","slug":"oil-edges-higher-after-two-day-slide","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/01\/08\/oil-edges-higher-after-two-day-slide\/","title":{"rendered":"Oil Edges Higher After Two-day Slide"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Oil ticked higher on Thursday after two days of declines, with a larger-than-expected draw in U.S. crude inventories offering some support.<\/p>\n<p>Brent crude futures rose half a percent to $60.25 a barrel, while WTI crude futures were up 0.4 percent at $56.22.<\/p>\n<p>Traders are buying on dips in the market after the release of inventory data from the Energy Information Administration (EIA).<\/p>\n<p>The EIA report revealed that U.S. crude oil inventories fell by 3.83m barrels over the past week, marking the largest decrease since late October. <\/p>\n<p>At the same time, the EIA reported that gasoline and distillate fuel oil stocks increased by 7.7m barrels and 5.6m barrels, respectively. <\/p>\n<p>Developments around Venezuela continue to grab headlines after U.S. President Donald Trump said the country &#8220;will be turning over&#8221; up to 50 million barrels of sanctioned oil to the United States. <\/p>\n<p>Also, U.S. forces seized two more sanctioned oil tankers and said the U.S. plans to control Venezuela&#8217;s oil sales &#8216;indefinitely&#8217;.<\/p>\n<p>Elsewhere, European leaders, including in France and Germany, have announced they are working on a plan in the event the United States follows through on its threat to take over Greenland. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Oil Edges Higher After Two-day Slide<\/a><br \/>\n<br \/>2026-01-08 09:28:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil ticked higher on Thursday after two days of declines, with a larger-than-expected draw in U.S. crude inventories offering some support. Brent crude futures rose half a percent to $60.25&#8230;<\/p>\n","protected":false},"author":2,"featured_media":68482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-68481","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/68481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=68481"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/68481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/68482"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=68481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=68481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=68481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}