Inventories of crude oil rose as demand from refineries weakened and US production ticked up. Gasoline stocks also rose, despite lower refinery runs, underpinning our assessment that growth in US demand is softening, which is one reason why we expect the price of oil to ease back in the coming months.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.