Mumbai, Oct. 28 -- Crude oil inventories in the United States saw a drop of 1.9 million barrels during the week ending October 23, according to new data from the U.S. Energy Information Administration (EIA). The decrease brings commercial stockpiles to 410.6 million barrels, according to data, which is now 4% below the five-year average for this time of year. Total products supplied-a proxy for US oil demand-averaged 20.8 million barrels per day over the last four weeks, up 0.2% compared to the same period last year.
Published by HT Digital Content Services with permission from Capital Market....