New york: Oil prices were little changed today after industry data showed a rise in US crude inventories last week, reinforcing expectations that the peak summer demand season is coming to an end.

According to Oman News Agency, the US driving season typically runs from Memorial Day weekend in late May through early September. During this period, oil consumption is traditionally higher due to increased travel, but the recent data suggests a shift as the season concludes.

Brent crude futures edged up 3 cents to $66.15 a barrel, after falling 0.8% in the previous session. This minor uptick followed a larger dip observed yesterday, hinting at market adjustments in response to the latest inventory figures.

US West Texas Intermediate (WTI) crude futures slipped 3 cents to $63.14, following a 1.2% decline yesterday. This continued downward pressure reflects market reactions to the inventory data, suggesting cautious sentiment among traders.

Market sources, citing figures from the American Petroleum Institute (API), said US crude stocks in the world’s largest oil consumer rose by 1.52 million barrels last week. This increase in crude stocks is a key indicator of the changing demand dynamics as the summer driving season wraps up.