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EIA reports U.S. crude inventories fell by 8.6 million barrels

Mountain Time
Local time
12:09 PM in New York
Where
United States

The U.S. Energy Information Administration reported that commercial crude inventories fell by 8.6 million barrels in the week ending October 9, leaving stocks at 415.6 million barrels, according to OilPrice.com's account of the release.

Why it matters

The draw removes some near-term supply cushion while Middle East shipping disruptions continue to constrain oil flows and freight availability.

Source

Confidence: Stated by a named government, military, or institution. Not independently confirmed. About confidence labels