Oil tanks
Oil inventories in the US rose by 347,000 barrels during the week ended Aug. 16, latest data from the American Petroleum Institute (API) showed.
Gasoline stocks fell by more than one million barrels during the past week, while distillate stocks (including diesel and heating oil) fell by about 2.25 million barrels.
Meanwhile, Brent crude futures for October delivery fell 0.6%, or 46 cents, to close at $77.20 a barrel on Aug. 20. WTI crude for September delivery slipped 0.45%, or 33 cents, to record $74.04 per barrel.
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