Oil resumed its trek downward after U.S. government data showed growing domestic crude supplies and wavering gasoline demand. Futures in New York fell toward $37 a barrel after an Energy Information Administration report showed domestic crude stockpiles increased for the first time since mid-July. Inventories at the Cushing, Oklahoma, storage hub rose to the highest since May and crude production edged up. Diminished gasoline and distillate inventories provided a bright spot, but signs that the pandemic-stricken global economy will take longer than anticipated to recover weighed on U.S. stocks and pressured oil prices. The build in crude inventories is a “precursor that we’re not going to see the draws that people were expecting,” said Tariq Zahir, managing member of the global macro program at Tyche Capital Advisors LLC. “Demand […]