Oil inventories fall in the US
Sources in the energy market reported that U.S. crude oil and gasoline inventories decreased in the week ending October 2nd, with declines of 2.09 million barrels and 1.37 million barrels respectively, while distillate inventories increased by approximately 461,000 barrels. Oil prices experienced a slight uptick amid rising tensions affecting supply due to a storm approaching U.S. production regions, as well as Saudi Arabia resuming oil supplies through a vital pipeline. Brent crude rose to $101.51 per barrel, and West Texas Intermediate reached $90.25, as the market awaited official data from the Energy Information Administration.
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