U.S. Oil Inventories Edge Lower as Fuel Demand Softens ...Middle East

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U.S. Oil Inventories Edge Lower as Fuel Demand Softens
Crude oil inventories in the United States saw a decrease of 600,000 barrels during the week ending September 11, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 423.4 million barrels, according to government data, which are now 1% above with the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories had gained 7.14 million barrels in…

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