Crude oil inventories in the United fell by 573,000 barrels for the week ending October 25, according to The American Petroleum Institute (API). For the week prior, the API reported a 1.643-million-barrel build in crude inventories. So far this year, crude oil inventories have slumped by just over 6 million barrels since the beginning of the year, according to API data. Gasoline inventories fell this week by 282,000 barrels, on top of last week's 2.019-million-barrel decrease.

Powered by Commodity Insights