Oil Edges Higher as U.S. Stockpiles Report Offsets Growth Gloom

,By Saket Sundria,bloomberg
21 באוגוסט 2019, 01:37 GMT‎+3‎ Updated on 21 באוגוסט 2019, 06:35 GMT‎+3‎
API reported 3.45 million barrel drop in inventories last week
 WTI rises as much as 0.5% after reversing loss on Tuesday
Oil edged higher after an industry report indicated that U.S. crude inventories fell for the first time in three weeks, countering growing concern that the global economy is headed for recession.

Futures in New York rose 0.5% after rebounding to close up 0.2% in a volatile session on Tuesday. The American Petroleum Institute reporteda 3.45 million-barrel drawdown last week, people familiar with the data said. President Donald Trump said Tuesday he could cut taxes without congressional approval as the U.S. economy flashes