Oil Futures Post Back-to-Back Losses

Oil futures add to yesterday's losses as the high-demand summer season begins to wind down and the market waits to see what if any additional sanctions are placed on Russian oil. "While the drawdown in crude inventories was impressive, it seems to be mostly export driven with the help of near multi-year lows in the U.S. dollar, and not necessarily from domestic demand," Dennis Kissler of BOK Financial says in a note.

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