Crude inventory falls by 6.9M barrels for week ended Oct 24 – EIA

[oil pumps on sunset]
ssuaphoto/iStock via Getty Images

* Commercial crude stocks for the week ended October 24: 416.0M barrels.
* Crude inventory change: -6.9M BARRELS vs. -1.0M barrels for the week ended October 17.
* Consensus estimate: -0.900M.
* Gasoline inventory change: -5.9M BARRELS vs. -2.1M barrels for the week ended October 17.
* Consensus estimate: -1.900M.
* Distillates inventory change: -3.4M BARRELS vs. -1.5M barrels for the week ended October 17.
* Consensus estimate: -1.800M.
* SPR: 0.5M BARRELS vs. 0.8M for the week ended October 17.
* Crude oil futures (CL1:COM [https://seekingalpha.com/symbol/CL1:COM]) +0.60% at $60.51.
* ETFs: (NYSEARCA:USO [https://seekingalpha.com/symbol/USO]), (NYSEARCA:UCO [https://seekingalpha.com/symbol/UCO]), (NYSEARCA:SCO [https://seekingalpha.com/symbol/SCO]), (NYSEARCA:BNO [https://seekingalpha.com/symbol/BNO]), (NYSEARCA:DBO [https://seekingalpha.com/symbol/DBO]), (NYSEARCA:USL [https://seekingalpha.com/symbol/USL]).

MORE ON CRUDE OIL FUTURES, UNITED STATES OIL FUND, LP ETF, ETC.

* AI's Black Swan: The Data Center Power Drain That Forces Higher Interest Rates [https://seekingalpha.com/article/4834224-ais-black-swan-the-data-center-power-drain-that-forces-higher-interest-rates]
* Single Stock Volatility Bid Ahead Of Tech Earnings [https://seekingalpha.com/article/4833968-single-stock-volatility-bid-ahead-of-tech-earnings]
* Sanction Concerns Boost Diesel Prices [https://seekingalpha.com/article/4833883-sanction-concerns-boost-diesel-prices]
* Crude oil extends retreat as traders shift to surplus prospects ahead of OPEC+ meeting [https://seekingalpha.com/news/4509898-crude-oil-extends-retreat-as-traders-shift-to-surplus-prospects-ahead-of-opec-meeting]
* U.S. crude stockpiles fell 4M barrels last week, API says [https://seekingalpha.com/news/4509891-u-s-crude-stockpiles-fell-4m-barrels-last-week-api-says]