Fuel Inventories: Crude Stockpiles and Oil

fuel inventories: However, the EIA reported a drop of 3.7 million barrels for distillates, which include diesel and heating oil, and 1.9 million barrels decline for gasoline, according to Global Times China. The surprise build in crude stockpiles was offset by the drop in fuel inventories, which supported the oil prices on Thursday. The Energy Information Agency said in its weekly report on Thursday that US crude stockpiles added 4.9 million barrels in the week ended Oct. 7, beating market consensus. A weaker US dollar also made the greenback-dominated oil more attractive for holders of other currencies. The West Texas Intermediate for November delivery added 0.26 US dollars to settle at 50.44 US dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery increased 0.22 dollar to close at 52.03 dollars a barrel on the London ICE Futures Exchange. The dollar index, which measures the greenback against six major peers, was down 0.43 percent at 97.544 in late trading Thursday. (news.financializer.com). As reported in the news.