Oil declines around $3.5 today as markets continue to digest sizeable stock builds at a time when the US production levels soar and economic data appears to be easing
OPEC’s monthly report highlighted no changes to this year and next year’s oil demand growth (2.4mbpd and 2.2 mbpd) but did raise its estimate of non-OPEC supply
Declining US yields and the US dollar have helped oil prices recover some of the recent losses. Greater-than-expected EIA crude drawdowns help lift US crude
Oil Prices Stabilize Ahead Of Powell s Jackson Hole Speech On Friday menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.