Oil Steadies Near $55 as Demand Fears Mix With Tighter Supply (bloomberg.com)

Oil steadied near $55 a barrel in New York as persistent concerns over slowing demand jostled with expectations that U.S. crude stockpiles will continue to tighten.

Futures were little changed after rising 7.5% in the past three days. American inventories probably dropped by about 2.3 million barrels last week, according to the median estimate in a Bloomberg survey before Energy Information Administration data due Wednesday.
more at: https://www.bloomberg.com/news/articles/2019-08-12/oil-steadies-after-solid-aramco-result-offsets-demand-concerns

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