The U.S. Energy
Information Administration (EIA) revealed on Wednesday that crude inventories fell
by 1.980 million barrels in the week ended September 25. Economists had
forecast a build of 1.569 million barrels.
At the same
time, gasoline stocks rose by 0.683 million barrels, while analysts had
expected a decline of 1.083 million barrels. Distillate stocks plunged by 3.184
million barrels, while analysts had forecast a drop of 0.917 million barrels.
Meanwhile, oil
production in the U.S. remained unchanged at 10.700 million barrels a day.
U.S. crude oil imports averaged 5.1 million barrels per day last week, down by 45,000 barrels per day from the previous week.