The Energy Information Administration released its report on US crude stocks, showing a drop of 2.1 million barrels in the week ending September 14, compared to a 5.3 million decline in the previous reading, while analysts expected a 2.7 million decline, with total stocks receding to 394.1 million barrels, making them 3% below five-year averages for this time of year.
Gasoline stocks fell 1.7 million barrels, still 8% above five-year averages, while distillate stocks, including heating fuel, rose 0.8 million barrels, still 2% below five-year averages.