Meanwhile, spring supply disruptions in Canada, Nigeria and elsewhere have... U.S. inventories of gasoline and distillates are nearly 10% and 6% higher than year-ago levels, respectively. Now two years into a bear market, oil prices have failed to sustain a major rally once again. Rather than a further slide in demand, overzealous refiners are the likely cause. It seems to have been a fuel problem this time.

Source: Wall Street Journal August 07, 2016 16:18 UTC