The Energy Information Administration said Thursday that crude oil inventories fell by 4.3 million barrels last week. And while that data point alone is bullish, the report also showed gasoline and distillates inventories rose by a combined 5 million barrels, and the grand total of crude oil and processed petroleum products rose by a bearish 3.6 million barrels. “The fundamentals are starting to get a little bit questionable,” said Ric Navy, senior vice president for energy futures at R.J. O’Brien & Associates. The EIA report also showed U.S. crude oil exports fell by 271,000 barrels a day last week, to 1.5 million barrels a day. Mr. Navy said Thursday’s report on U.S. oil inventories wasn’t the only factor in oil’s decline, noting overall global demand is also becoming a bigger concern. “There are more clouds as far as economies go, and the tariff disputes are also a factor.” Alfonso […]