Oil Stockpiles Dropped 8.6 Million Barrels: API

© Reuters. — inventories fell for a second-straight week, according to the American Petroleum Institute.

The industry group estimated that stockpiles fell another 8.6 million barrels for the week ending August 1, after falling more than 6.8 million barrels the prior week. The estimate was looking for a decline of 3.3 million barrels. 


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