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According to the latest report from the Energy Information Administration, the commercial crude inventory in the US fell 5.9 million barrels last week, much larger than the market expected. 

Distillate inventories, which consist of diesel and heating oil fell for the first time in several weeks by 242,000 barrels as demand was bolstered by the preparation ahead of the snowstorm. 

Gasoline stockpiles, however, extended the buildup, adding 2.5 million barrels, marking the sixth consecutive week of rising inventories. 

Refinery runs rates declined further to 90.9% from 92.2% the week before.