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QP - The Week in Crude Oil Markets - August 26, 2019

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US crude oil inventories posted a decrease of 2.7 MMbbl, according to last week’s report from the Energy Information Administration. Gasoline and distillate inventories increased 0.3 MMbbl and 2.6 MMbbl, respectively. Total petroleum inventories posted a build of 4.0 MMbbl. US crude oil production was flat versus the week prior, while crude oil imports were up 0.49 MMbbl/d to 7.2 MMbbl/d. Continuous developments in the USChina trade war, both bearish and bullish, have been......
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