NEW YORK (Reuters) – Oil fell more than 2% on Wednesday, reversing early gains after a report showed gasoline demand fell in the United States in the latest week. Futures prices turned negative after weekly government data from showed lower gasoline demand from a week earlier, prompting traders to shrug off bullish U.S. crude inventory data. [EIA/S] Crude inventories USOILC=ECI fell by 9.4 million barrels in the last week to 498.4 million barrels, a far steeper dive than the 1.9 million-barrel drop that analysts expected in a Reuters poll. [EIA/S] The data reflects a period during which Hurricane Laura shut output and refining facilities. Gasoline demand in the week dropped to 8.78 million barrels per day from 9.16 million bpd a week earlier, according to the report. Brent crude LCOc1, the global benchmark, fell $1.15, or 2.5%, to settle at $44.43 a barrel, after two days of price gains. U.S. West Texas Intermediate CLc1 settled lower by $1.25, or 2.9%, to $41.51 a barrel. Other data also fed fears that economic recovery from the coronavirus pandemic was lagging. U.S. private employers hired fewer workers than expected for a second straight month in August, suggesting the labor market recovery was slowing as the COVID-19 pandemic persists and government support for workers and employers dries up. Oil has recovered from historic lows hit in April, when Brent slumped to a 21-year low below $16 and U.S. crude ended one session in negative territory. A record supply cut by the Organization of the Petroleum Exporting Countries and allies, a grouping known as OPEC+, has supported prices. The producers have begun to return some crude to the market as demand partially recovers and OPEC in August raised output by about 1 million barrels per day (bpd), a Reuters survey found on Tuesday. [OPEC/O] Nick Note: This is a lesson for those of you who live and die on the JOKE weekly crude oil draw. As i have TRIED to point out to you over and over again. NO ONE uses crude. The key to this game is FUCK the crude inventories. Look at what the black shit is turned into. AND that is 80% JET FUEL AND MOST OF THE REST GASOLINE. DESIPTE THE BULLSHIT EVEN THE STUPID MONEY IS starting TO FIGURE OUT YOU FLY YOU DIE. People are NOT flying…. the airports are empty! Pretty simple as we told you for years. the modern Jet liner is a disease infection tube. Its not jet lag its respiratory infections. Sitting in a pressurized tube asshole to elbow with 50% recirculated air with filtration incapable of filtering out aerosolized viruses. Their systems in fact helps pass diseases… End of story. You have scratched you ass and figured out coffee paper filters and toilet paper masks DO NOT PROTECT YOU. And you figured out, excuse the pun, avoid people like the plague. I am sure you understand airplanes spread this cloud of death the world over. And their have been no design changes, which means they are STILL disease incubation tubes of death! Do you really think they are admitting the truth NOW? They are telling you blood plasma is a cure….. NOT! They are getting ready to distribute massive quantities of a not proven or even properly tested vaccine. How many millions will that eventually kill? They are telling people (including Doctors, nurses and other highly exposed health care workers, who they are killing in mass ) to use and get this REUSE the afore mentioned paper masks…. That they KNOW FOR A FACT do not work… Do you really think they are going to admit (or reveal their top secret studies) to you the 3 trillion dollar in capitalization 5% of world GDP and employing 10 million people aviation industry that a jetliner is a disease spreading tube of death? And their is no way to make it safe? DID the tobacco industry reveal the truth? Think about this as you rush out to kill the cats!