Global Oil Supply Disruptions Piling Up

Posted by Sumit Roy - Hard Assets Investort

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Testing Saudi Arabia’s Ability To Deliver.

We take a look at the latest developments in the oil market, including charts of all the major inventory categories.

The Department of Energy reported this morning that in the week ending Aug. 2, U.S. crude oil inventories decreased by 1.3 million barrels, gasoline inventories increased by 0.1 million barrels, distillate inventories increased by 0.5 million barrels and total petroleum inventories increased by 0.8 million barrels.

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