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US oil inventories fall
US crude oil inventories fell last week after a climb for two straight weeks The latest data from the Energy Information Administration showed a fall in stockpiles by 4.3 million barrels in the week ended July 10. This brought the total number of barrels to 461.4 million, maintaining them at a level not seen in the last 80 years. In the prior week, inventories climbed by 384,000 barrels. Ahead of the data, West Texas Intermediate crude oil fell more than 1% to around $52.31 per barrel. Oil prices have zigzagged this week, but fell more than 2% on Tuesday after news of the Iran nuclear deal crossed, with some watchers ... (full story)
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