Oil storage tanks
US commercial crude oil inventories fell for the third consecutive week in the seven days ended Oct. 16, exceeding expectations for a 300,000-barrel draw, according to data released Wednesday by the US Energy Information Administration (EIA). 
What does this mean? The drop in inventories reflects ongoing US withdrawals to meet demand and boost exports, amid tight global supplies and shipping disruptions in the Strait of Hormuz.
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
422.8
415.6
412.5
(3.1)
Gasoline
216.7
208.3
205.3
(3.0)
Distillates
115.6
102.6
104.3
+1.7
Oil storage tanks
US commercial crude oil inventories fell for the third consecutive week in the seven days ended Oct. 16, exceeding expectations for a 300,000-barrel draw, according to data released Wednesday by the US Energy Information Administration (EIA).
What does this mean? The drop in inventories reflects ongoing US withdrawals to meet demand and boost exports, amid tight global supplies and shipping disruptions in the Strait of Hormuz.
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
422.8
415.6
412.5
(3.1)
Gasoline
216.7
208.3
205.3
(3.0)
Distillates
115.6
102.6
104.3
+1.7
