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 Earlier in the day, China published a raft of unexpectedly-poor economic data for July that included surprising weakness in retail sales and industrial output. Eurostat said that GDP growth in the 19-country Eurozone was just 0.2% during Q2 2019 compared with the previous quarter, with industrial production falling by 1.6% month-on-month in June. 

 U.S. crude oil inventories unexpectedly rose last week as refineries cut their output, but stockpiles of refined oil products posted surprise drawdowns with gasoline demand hitting a record high. According to the U.S. EIA, commercial inventories of crude oil in the U.S. rose by 1.6 mil bbls during the week to August 9, in contrast to expectations for a decrease of 2.8 mil bbls.

An Iranian oil tanker seized by the British Royal Marines in July will be released by the British territory of Gibraltar on Thursday, the Sun newspaper has reported citing sources close to Gibraltar Chief Minister Fabian Picardo.