Oil Tumbles Most in Month as U.S. Supply Plunge Seen as One-Off

  • U.S. inventories dropped most since 1999 last week: EIA data
  • Imports cut as Tropical Storm Hermine entered Gulf of Mexico

Is the Recent Slump in U.S. Oil Stockpiles an Anomaly?

Oil dropped the most in more than a month after the biggest U.S. stockpile slump in 17 years was seen as a one-off caused by a tropical storm that disrupted imports and offshore production.

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