U.S. OIL INVENTORIES DOWN 3.3 MBD
OGJ - US commercial crude oil inventories declined 3.3 million bbl during the week ended Aug. 18 compared with the previous week's total, continuing a months-long downward trend, the US Energy Information Administration reported.
At 463.2 million bbl, US crude inventories remain in the upper half of the average range for this time of year, according to data in the Weekly Petroleum Status Report. Stockpiles fell nearly 9 million bbl during the previous week.
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