Other oil-market news:
Pierre Andurand, one of the most bullish oil investors, lost 15.2 percent in July after markets sold-off, bringing his eponymous hedge fund into the red for the year, according to people familiar with the matter. OPEC and its allies delayed the meeting of a committee that oversees their production accord by a week to Aug. 27 because of the Eid al-Adha holiday, according to delegates. U.S. crude stockpiles rose by 6.81 million barrels last week, government data showed on Aug. 15, despite expectations for a decline, while inventories at the key storage hub of Cushing in Oklahoma expanded for the first time since May.
This article provided by Bloomberg News.