Tag: Oil Stockpiles

US wholesale stockpiles fell 0.1 per cent in July; sales declined 0.3 per cent

Drop in wholesale stockpiles reflection of low oil prices WASHINGTON – Expectations for U.S. consumer spending appear to have dimmed in July, as wholesalers cut their inventories slightly and sales fell. Wholesale stockpiles slipped 0.1 per cent, while sales dropped 0.3 per cent, the Commerce Department said Thursday. This follows a solid 0.7 per cent gain in […]