Oil catches some much-needed lift on US crude stocks declines. The week ahead still sees a major and tense OPEC meeting on the table. Crude oil is catching some lift in Wednesday trading with WTI creeping into the $65/barrel handle as US inventories deliver a slight drawdown. According to the American Petroleum Institute (API), US crude stocks declined by 15 million barrels into June 15th, bringing the total count to 430.6 million barrels. A decline in US stocks is a welcome sign ahead of the upcoming OPEC meeting this week in Vienna, where Saudi Arabia’s plans to increase production limits in cahoots with Russia are expected to run into tense opposition from other OPEC members including Iran, Iraq, and Venezuela. Opposition within OPEC does not want to raise production limits for fear of another decline in oil prices hampering government coffers, while Saudi Arabia and Russia are looking to stabilize oil prices after a run up the charts that saw crude hit multi-year highs recently. WTI levels to watch US oil prices managed to stage a bounce this week after a rapid decline last Friday saw WTI crumple into 63.36 after lifting steadily into 66.80 for most of the week; with the technical bounce over oil has resumed drifting lower, though today’s lift sees crude challenging the key 65.00 handle once again, a level that has become familiar in recent weeks. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD: Bears fail to keep the pair below 0.69 despite weak NZ data FX Street 5 years Oil catches some much-needed lift on US crude stocks declines. The week ahead still sees a major and tense OPEC meeting on the table. Crude oil is catching some lift in Wednesday trading with WTI creeping into the $65/barrel handle as US inventories deliver a slight drawdown. According to the American Petroleum Institute (API), US crude stocks declined by 15 million barrels into June 15th, bringing the total count to 430.6 million barrels. A decline in US stocks is a welcome sign ahead of the upcoming OPEC meeting this week in Vienna, where Saudi Arabia's plans to increase production limits… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.