Crude Oil Prices Surge Due to Decreased Inventories and Indications of Increased Energy Demand

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Aug 21 2025

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Source: NASDAQ.COM

Crude and Gasoline Price Movements: October WTI crude oil closed up 1.29% and RBOB gasoline rose by 1.43%, reaching two-week and 2.5-week highs respectively, supported by falling inventories and strong global manufacturing activity.
Global Manufacturing Impact: The unexpected rise in the US and Eurozone S&P manufacturing PMIs to three-year highs indicates increased energy demand, contributing positively to crude prices.
OPEC Production Concerns: OPEC+ plans to increase crude production by 547,000 bpd starting September 1, which raises concerns about oversupply despite a recent decline in July production.
US Oil Inventory Trends: Recent EIA reports show US crude and gasoline inventories below seasonal averages, while crude oil stored on tankers has decreased, suggesting bullish trends for oil prices.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Crude Oil Prices Surge Due to Decreased Inventories and Indications of Increased Energy Demand

About the author

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