Oil falls but remains set for weekly gain on U.S.-China diplomacy (cnbc.com)

The prolonged dispute has had a dampening effect on oil prices, though they have risen over the year thanks partly to production cuts led by the Organization of the Petroleum Exporting Countries and Russia to drain inventories.

U.S. crude and product inventories fell last week, with crude drawing down for a third consecutive week despite a jump in imports, the Energy Information Administration (EIA) said.

Crude stocks dropped 4.8 million barrels, nearly double analyst expectations, to 423 million barrels, their lowest level since October last year.
https://www.cnbc.com/2019/09/06/oil-prices-edge-higher-set-for-weekly-gain-amid-us-china-trade-optimism.html

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