US Crude Inventories Fall 3.2 Million Barrels, Defying Forecasts for a Build, as Refiners Run Hot Ahead of Gulf Storm
US crude stockpiles shrank last week when analysts expected them to grow, handing oil bulls another reason to stay confident just as a storm threatens Gulf Coast production. The US Energy Information Administration (EIA) said on Wednesday that commercial crude inventories fell by 3.2 million barrels to 424.1 million in the week ended October 2. … Read more