Oil prices fall on weak economic data from Europe and China (cnbc.com)

Oil prices fell on Wednesday on weak economic data from China and Europe and a rise in U.S. crude inventories, partly erasing the previous session’s sharp gains after the United States said it would delay tariffs on some Chinese products.

Data from industry group the American Petroleum Institute (API) showed U.S. crude stocks unexpectedly rose last week. Crude inventories increased by 3.7 million barrels to 443 million, compared with analyst expectations for a decrease of 2.8 million barrels, the API said.
more at source: https://www.cnbc.com/2019/08/14/reuters-america-update-4-oil-prices-fall-on-weak-economic-data-from-europe-and-china.html

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