US oil inventories fall, but outlook still grim

THE US Energy Information Administration has reported crude oil inventories shed 7.2 million barrels in the week to June 26, after analysts expected an inventory decline of around 710,000bbls for the period.

US oil inventories fall, but outlook still grim US oil inventories fall, but outlook still grim US oil inventories fall, but outlook still grim US oil inventories fall, but outlook still grim US oil inventories fall, but outlook still grim

Surge in COVID-19 cases hamstringing growth

Oil inventories remain above the five-year average for this time of the year, but refinery runs for the past few weeks suggest demand for fuels is slowly increasing, 

Last week, refinery runs

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