Energy

Energy Data Response

1 August, 2018

US Weekly Petroleum Status Report

Inventories of crude oil jumped last week due to a rebound in net imports. Admittedly, overall production slipped back a little, but this was due to a temporary disruption. Meanwhile, gasoline demand was flat compared with the same time last year, which is consistent with our view that demand growth should start to stall as high prices take their toll.

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