FILE PHOTO: A pump jack operates at sundown in an oil discipline in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford

HOUSTON (Reuters) – China’s menace on Friday to slap a 5% tariff on U.S. oil imports may additional soften demand for bodily crude at hubs alongside the U.S. Gulf Coast, the place exporters have already got taken to transport crude abroad with out agency patrons, merchants stated.

PADD three inventories final week rose to the very best in a month, at 225.1 million barrels, and had been 12.four million barrels larger than the identical week final 12 months, U.S. authorities knowledge confirmed. Provides have climbed as two new pipelines carrying U.S. shale from the Permian…

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