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October WTI was set to finish the week higher after a weak Monday, as US-China trade talks were confirmed to resume on September 4. Two large weekly US inventory drawdowns, reported by API and EIA, supported prices.
Falling US crude inventories and easing trade tensions support energy prices, which feed into biofuel economics and feed transport costs.
oilprice.comEditorial DeptAug 30, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
