Crude Oil Prices Settle at Six-Week Lows as U.S.-China Trade War Intensifies (investing.com)

Inventories of U.S. crude fell by 1.351 million barrels for the week ended Aug. 3, missing expectations for a draw of 2.800 million barrels, according to data from the Energy Information Administration (EIA).

The smaller-than-expected draw in crude supplies came as imports rose by about 2.64 million barrels a day (bpd) and exports rose by 5.40 million bpd, data from EIA showed.

Gasoline inventories unexpectedly rose by 2.900 million barrels, confounding expectations for a draw of 1.700 million barrels, while supplies of distillate – the class of fuels that includes diesel and heating oil – rose by 1.230 million barrels, against expectations for a build of 0.220 million barrels.
more at source: https://www.investing.com/news/commodities-news/crude-oil-prices-settle-at-sixweek-lows-as-uschina-trade-war-intensifies-1566118

Back To Top
Close search
Search