The U.S. Energy Information Administration (EIA) reported a 900,000-barrel crude draw for the week ended Oct. 30, leaving 409.8 million barrels in commercial stocks, a key measure of U.S. oil supply.
Commercial stocks exclude crude held in the Strategic Petroleum Reserve. The latest draw was smaller than the 1.892 million-barrel decrease for the week ended Oct. 23, when stocks stood at 410.625 million barrels. The EIA reported that earlier reading in EconoTimes’ previous coverage of the inventory decline. The EIA recorded a 3.061 million-barrel decline for the week ended Oct. 16, making the latest decrease the fourth consecutive weekly draw.
Gasoline inventories fell 200,000 barrels in the week ended Oct. 30. They had risen 3.870 million barrels to 209.180 million for the week ended Oct. 23, according to EconoTimes’ earlier coverage of the EIA figures.
