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\n Oil prices inched up in early trading on Friday as investors weighed a big withdrawal from US crude inventories and a delay to production hikes by OPEC+ producers.<\/p>\n

US West Texas Intermediate crude futures were up 22 cents, or 0.32%, to $69.37.<\/p>\n

Brent settled down 1 cent at its lowest close since June 2023 on Thursday and WTI was down 5 cents to the lowest close since December 2023 after data showed that US crude stockpiles fell to a one-year low last week.<\/p>\n

Also lifting prices, OPEC+ agreed to delay a planned oil production increase for October and November, the producers group said on Thursday, adding that it could further pause or reverse the hikes if needed. (QNA)<\/p>\n

Oil prices inched up in early trading on Friday as investors weighed a big withdrawal from US crude inventories and a delay to production hikes by OPEC+ producers.<\/p>\n

Brent crude futures rose 19 cents to $72.88.<\/p>\n

US West Texas Intermediate crude future…<\/p>\n<\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-268333","post","type-post","status-publish","format-standard","hentry","category-production"],"yoast_head":"\nOil Edges Higher on US Crude Stock Drawdown - Fujairah Updates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fujairahupdates.com\/oil-edges-higher-on-us-crude-stock-drawdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Edges Higher on US Crude Stock Drawdown - Fujairah Updates\" \/>\n<meta property=\"og:description\" content=\"Oil prices inched up in early trading on Friday as investors weighed a big withdrawal from US crude inventories and a delay to production hikes by OPEC+ producers. 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US West Texas Intermediate crude future...","og_url":"https:\/\/fujairahupdates.com\/oil-edges-higher-on-us-crude-stock-drawdown\/","og_site_name":"Fujairah Updates","article_published_time":"2024-09-06T00:00:00+00:00","og_image":[{"width":200,"height":44,"url":"https:\/\/fujairahupdates.com\/wp-content\/uploads\/2023\/02\/Fujairah-Updates.png","type":"image\/png"}],"author":"Web Desk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Web Desk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/fujairahupdates.com\/oil-edges-higher-on-us-crude-stock-drawdown\/#article","isPartOf":{"@id":"https:\/\/fujairahupdates.com\/oil-edges-higher-on-us-crude-stock-drawdown\/"},"author":{"name":"Web Desk","@id":"http:\/\/fujairahupdates.com\/#\/schema\/person\/98507cb193f3aba223a2814aa296ae95"},"headline":"Oil Edges Higher on US Crude Stock Drawdown","datePublished":"2024-09-06T00:00:00+00:00","dateModified":"2024-09-06T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/fujairahupdates.com\/oil-edges-higher-on-us-crude-stock-drawdown\/"},"wordCount":129,"publisher":{"@id":"http:\/\/fujairahupdates.com\/#organization"},"articleSection":["Production"],"inLanguage":"en-US"},{"@type":["WebPage","SearchResultsPage"],"@id":"https:\/\/fujairahupdates.com\/oil-edges-higher-on-us-crude-stock-drawdown\/","url":"https:\/\/fujairahupdates.com\/oil-edges-higher-on-us-crude-stock-drawdown\/","name":"Oil Edges Higher on US Crude Stock Drawdown - Fujairah Updates","isPartOf":{"@id":"http:\/\/fujairahupdates.com\/#website"},"datePublished":"2024-09-06T00:00:00+00:00","dateModified":"2024-09-06T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/fujairahupdates.com\/oil-edges-higher-on-us-crude-stock-drawdown\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fujairahupdates.com\/oil-edges-higher-on-us-crude-stock-drawdown\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fujairahupdates.com\/oil-edges-higher-on-us-crude-stock-drawdown\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fujairahupdates.com\/"},{"@type":"ListItem","position":2,"name":"Oil Edges Higher on US Crude Stock Drawdown"}]},{"@type":"WebSite","@id":"http:\/\/fujairahupdates.com\/#website","url":"http:\/\/fujairahupdates.com\/","name":"Fujairah Updates","description":"Pointing in the Right Direction!","publisher":{"@id":"http:\/\/fujairahupdates.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/fujairahupdates.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"http:\/\/fujairahupdates.com\/#organization","name":"Fujairah Updates","url":"http:\/\/fujairahupdates.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/fujairahupdates.com\/#\/schema\/logo\/image\/","url":"https:\/\/fujairahupdates.com\/wp-content\/uploads\/2023\/02\/Fujairah-Updates.png","contentUrl":"https:\/\/fujairahupdates.com\/wp-content\/uploads\/2023\/02\/Fujairah-Updates.png","width":200,"height":44,"caption":"Fujairah Updates"},"image":{"@id":"http:\/\/fujairahupdates.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"http:\/\/fujairahupdates.com\/#\/schema\/person\/98507cb193f3aba223a2814aa296ae95","name":"Web Desk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/fujairahupdates.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ff4aa10d4f36ab9dc3cce9e101792273?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ff4aa10d4f36ab9dc3cce9e101792273?s=96&d=mm&r=g","caption":"Web Desk"},"url":"https:\/\/fujairahupdates.com\/author\/admin-mi\/"}]}},"_links":{"self":[{"href":"https:\/\/fujairahupdates.com\/wp-json\/wp\/v2\/posts\/268333"}],"collection":[{"href":"https:\/\/fujairahupdates.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fujairahupdates.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fujairahupdates.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fujairahupdates.com\/wp-json\/wp\/v2\/comments?post=268333"}],"version-history":[{"count":0,"href":"https:\/\/fujairahupdates.com\/wp-json\/wp\/v2\/posts\/268333\/revisions"}],"wp:attachment":[{"href":"https:\/\/fujairahupdates.com\/wp-json\/wp\/v2\/media?parent=268333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fujairahupdates.com\/wp-json\/wp\/v2\/categories?post=268333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fujairahupdates.com\/wp-json\/wp\/v2\/tags?post=268333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}