Crude futures fell nearly 2% for a second day in a row as Iraq's oil exports looked to rise in July, according to loading data and an industry source. If confirmed, it would put Opec's second-largest producer back on track of supply growth after two months of output declines.
US crude inventories are at a historically high 519.5 million barrels for this time of year, despite a ninth straight week of drawdowns last year, US government data showed on Wednesday.
