#geopolitics and #commodities Global crude #oil #inventories are the lowest on record since 2017, chart @JPMorganAM
U.S. Crude Oil Inventories rose by 5.81M barrels, surpassing expectations of 2M and higher than the previous 3.889M.
Cushing inventories increased by 1.247M barrels, up from 0.840M. Rising supply raises concerns for demand.
#Oil #CrudeInventories #EIA #Commodities #Energy #US #CrudeOil #Inventories
US Business Inventories rose by 0.4% in Jul, slightly above the 0.3% forecast and up from the previous 0.3%.
US Retail Inventories excluding autos increased by 0.5% in Jul, matching expectations and higher than the previous 0.3%.