API: US Crude Inventories Fall 4.93M Barrels
The American Petroleum Institute estimated that US crude oil inventories fell by 4.93 million barrels in the week ending October 16, following a 11.12 million barrel drop the prior week. Commercial crude inventories excluding the SPR continued to draw.
Original · OilPrice.com AI summary of public reporting
Why: Crude inventory draw of 4.93M barrels → tighter supply
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At publication → CurrentCL98.23 → 98.12−0.1%