WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark for U.S. oil prices in the trading world.

Crude oil futures fell Thursday after rising U.S. stockpiles sent a bearish signal to the market and the Federal Reserve dialed back interest rate cut expectations for the rest of the year.

Gold for August delivery rose $31.10 to $2,349.10 per ounce. Silver for July delivery rose 40 cents to $29.47 per ounce, and July copper rose 2 cents to $4.50 per pound. The dollar rose to 157.29 yen from 156.90 Japanese yen. The euro fell to $1.0700 from $1.0739.

Oil prices appear to be on track for a weekly gain, as market players turned optimistic about demand despite conflicting signals from OPEC and the IEA.

Oil futures eked out small gains Thursday, finding support after a subdued reading on U.S. wholesale inflation.Price moves West Texas Intermediate crude for July delivery rose 12 cents, or 0.

The U.S. reported a surprise oil stockpile build of 3.7 million barrels, whereas analysts had expected inventories would fall. Gasoline inventories rose by 2.6 million barrels as

Investing.com-- Oil prices settled lower Thursday, as concerns over supply outstripping demand persist a day after a surprise build in U.S. crude inventories, but losses were kept in check by signs of cooling U.

Oil futures fell Thursday, feeling pressure a day after government data showed U.S. crude and gasoline stocks unexpectedly rose.