The Energy Information Administration released its report on US crude stocks, showing a drawdown of 5.7 million barrels in the week ending October 13, adding to a 2.7M drop in the previous reading, while analysts expected a 4.7M decline, with total stocks now reaching 456.5 million barrels, remaining within the uppermost range on average in this time of year.
Additionally, gasoline stocks in the world's largest energy consumer rose 0.9 million barrels, remaining within the uppermost range on average in this time of year, while distillate stocks, including heating fuel, rose 1.5 million barrels, remaining within the downward range on average in this time of year.