U.S. EIA Cushing, Oklahoma crude inventories 80,000 barrels in the week to Aug 28, down from 1.176 mln barrels the prior week.

China's trade with Egypt reached 95.19 bln yuan in the first seven months, up 18.7% YoY, China's customs authority said. Imports of Egyptian agricultural products rose 82.6% YoY and made up 41.7% of China's imports from Egypt; Egypt is now China's largest source of frozen strawberries and the third-largest source of flax. China's exports of electromechanical goods to Egypt were 51.53 bln yuan, up 23.9% YoY and accounting for 56.9% of its exports to Egypt.

US Treasury Secretary Bessent said Chevron's CEO has performed well managing assets in Venezuela.