The Energy Information Administration released its report on US crude stocks, showing a drawdown of 3.3 million barrels in the week ending August 18, adding to the 8.9M drop in the previous reading, and matching expectations, with total stocks now reaching 463.2 million barrels, remaining within the uppermost range on average in this time of year.
Otherwise, gasoline inventories fell 1.2 million barrels, while distillate stocks, including heating fuel, stayed the same, both remaining within the uppermost range on average in this time of year.