FX.co ★ US Crude Oil Inventories Fall More than Expected: EIA

Crude oil inventories in the United States decreased by 6.858 million barrels for the week ending October 24, surpassing market predictions which anticipated a decline of only 0.4 million barrels. At the Cushing, Oklahoma delivery hub, crude stocks increased by 1.334 million barrels, marking the largest rise since the end of August. In the refined fuels sector, gasoline stocks saw a reduction of 5.941 million barrels, while distillate fuel stocks decreased by 3.362 million barrels.